TDPOWERSYS

- Flag breakout

is breaking out from a Flag pattern, A flag pattern is a short-term continuation pattern that forms after a strong price move, followed by a small downward or sideways consolidation. It resembles a flag on a pole, where the “pole” is the sharp prior move and the “flag” is the tight channel. A breakout above (bull flag) or below (bear flag) the flag with rising volume signals continuation of the previous trend.