What is a descending flag?

The descending flag shows as a continuation pattern. The flag is built by two straight downward parallel lines which is shaped like a rectangle. It is oriented in the direction of that trend which it consolidates. Contrary to a bearish channel, this pattern is quite short term and shows the fact that buyers will need a break.

What are the major acts affecting the flag of the United States?

The principal acts affecting the flag of the United States are the following: Flag Resolution of June 14, 1777, stated, "Resolved: that the flag of the United States be made of thirteen stripes, alternate red and white; that the union be thirteen stars, white in a blue field, representing a new Constellation."

Which flag is more powerful descending or outspread?

A descending flag with narrowed lines is performs more than a flag with outspread lines and is more powerful if there is no false breakout.

What is the meaning of flag?

They write new content and verify and edit content received from contributors. flag, a piece of cloth, bunting, or similar material displaying the insignia of a sovereign state, a community, an organization, an armed force, an office, or an individual. A flag is usually, but not always, oblong and is attached by one edge to a staff or halyard.