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FLAG / PENNANT

After a fast move, a short sideways rest, then continue in the same direction.

Published by The Retail Trader · JUL 31, 2026 · Price Action

Flag / Pennant — After a fast move, a short sideways rest, then continue in the same direction.

WHERE THIS FITS IN

This term comes under Price Action, in the section "LARGE CHART PATTERNS". Several candles together make shapes which have their own names:

RELATED TERMS TO READ

Other terms in this group — understanding them together is more useful:
• Double Top
• Double Bottom
• Head and Shoulders
• Triangle
• Wedge
• Cup and Handle
• Rectangle / Range

To read the entire group and all its examples in one place, see the journal "PRICE ACTION: THE LANGUAGE OF THE CANDLE" - this term is taken from there.

This entry is for educational purposes only and is not a recommendation to buy or sell. Exchanges change charges, margins, lot sizes and expiry rules from time to time, so verify any figures with your broker or exchange.

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