Flags are a classic trend continuation pattern and they can often be found on the intra-day time frames. Day traders often rely on flags as tradable events. Flags look like small rectangles usually tilted against the main trend and mounted on what appears like a flagpole. The main thing is that flags tend to go against the prevailing trend. So a bearish flag is often tilted upward, while a bullish flag is often tilted downward as illustrated in the next charts.
