Bull Flag
A "Bull Flag" is a technical chart pattern that indicates a potential continuation of an upward trend in the price of an asset, such as stocks or cryptocurrencies. It typically forms after a strong price increase, followed by a period of consolidation where the price moves sideways or slightly down. This pattern resembles a flag on a pole, with the pole representing the initial price surge and the flag representing the consolidation phase.
Traders often look for a breakout above the upper boundary of the flag to confirm the continuation of the bullish trend. The Bull Flag pattern is popular among technical analysts and is used to identify potential entry points for buying an asset, as it suggests that the upward momentum may resume.