Re: I think the flag will break down, what do you think?
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These are 'boxes' per Nicholas Darvas "HOW I MADE 2MM IN THE STOCK MARKET". These are not classic TA flags per se-- these 'flags' have no slope.
Flags are counter-trend parallelogram patterns that slope against the trend. They are among the most common and reliable of patterns for finding good entry in an existing trend.
See:
TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS by John Murphy, page 140-145.
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Exzackly. The chart in the OP doesn't really have a trend, and those are flat trading ranges (channels) instead of flags.
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