A Bullish Flag is a technical analysis pattern that indicates a potential continuation of an upward trend in a financial market. It typically forms after a strong price increase, followed by a period of consolidation where the price moves sideways or slightly downward, resembling a flag on a pole. Traders often look for this pattern as a signal to enter a long position. The pattern is characterized by two main components: the initial sharp price rise, known as the flagpole, and the subsequent consolidation phase, which forms the flag. Once the price breaks out above the upper boundary of the flag, it is seen as a confirmation of the bullish trend, suggesting further upward movement.