Chart pattern · Continuation · Bearish
What is it, in one line
A sharp decline, the flagpole, followed by a brief, shallow, upward-drifting consolidation.
Bearish · Continuation · verdict: Traditional claim, not yet measured here
A sharp decline, the flagpole, followed by a brief, shallow, upward-drifting consolidation.
Method
Conventional target: A break below the flag projects a decline equal to the flagpole’s length.
Invalidated by: A retracement back to the flagpole’s start invalidates the pattern.
Traditional claim, not measured
This is the standard technical-analysis interpretation. It has not been tested against our dataset the way the candlestick formations have.