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Flag and pennant patterns
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<p>The flag and pennant patterns are commonly found <a href="/facts/Chart_pattern/t4gHH2wc">patterns</a> in the price charts of <a href="/facts/Asset/o7TARXhB">financially traded assets</a> (<a href="/facts/Stock/Qa912YwX">stocks</a>, <a href="/facts/Bond_(finance)/qlmpLj0k">bonds</a>, <a href="/facts/Futures_contract/4SD3dKty">futures</a>, etc.). The patterns are characterized by a clear direction of the <a href="/facts/Market_trend/5C1BeRrp">price trend</a>, followed by a consolidation and rangebound movement, which is then followed by a resumption of the trend. They are continuation patterns and form when the asset prices rally or fall sharply. </p>