====== Flags ====== ---- * when price retraces for a short time in a tight parallel range * consolidation looks like a flag * period of retracement in price * when price breaks out of the tight consolidation, it will generally move higher, resuming its original trend * these patterns are usually seen mid-trend and not at tops or bottoms. [[https://www.cmegroup.com/education/courses/technical-analysis/trend-and-continuation-patterns.html|cmegroup.com/trend-and-continuation-patterns]]