Flag Tower Pole
In the definition of the flag pattern, we can say that it is a pattern that continues to move in the short term, contrary to the current trend in the long term. The reason for naming this pattern is the similarity of the candles of this pattern to the rod and flag hung on it. We should know that the flag pattern has the ability to determine the continuation of the trend from the desired target point in the opposite direction of the previous trend.
Flag pattern definition
In the definition of the flag pattern, we can say that it is a pattern that continues to move in the short term, contrary to the current trend in the long term. The reason for naming this pattern is the similarity of the candles of this pattern to the rod and flag hung on it. We should know that the flag pattern has the ability to determine the continuation of the trend from the desired target point in the opposite direction of the previous trend.