What is FLAG pattern? What are the conditions to qualify as perfect FLAG?

[Aruna]

Rectangular shaped sideways movement considered as flag, need 4 to 7 days to construct,volume is expected to increased while giving breakout.

[Arunyogesh]

criteria:

steeper pole 75-80degrees ie)momentum is increased due to aggressive buyers

note:

can be visible by candlestick

sideways happen for 7 days (lack of sellers,but buyers are ready to buy)

THEN LONG position

[Maruti Patil]

lag pattern is one of the trend indicator in price pattern. A Perfect flat should meet the following conditions.
It should have a steeper pole followed by sideways movement which is considered as body of the flag. Positive pole flag should give positive break out. Volume should be significantly high during break out. The Flag should not drift low.

[Shantanu]

1. pole should be steeper

2. rectangular area should span for 4-7 days and be moving horizontal

3.Volume should be high

[monish kumar]

There must be a steeper pole formation ( may be inclined upto 75%) and

followed by a rectangular sideways movement (min 3 to 7 days)

during breakout volume must be good.

[Author]

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