What is Bull Flag (Technical Formation)?

A bull flag is a technical charting pattern shaped like a flag that often signals further bullish momentum and an increase in price. With a bull flag, the flagpole is formed during a significant rise in price where buyers significantly outperform sellers, while the flag itself is formed during a consolidation period that usually signals a continued price increase. Bull flags, like all technical formations, can sometimes be negated and fail to produce the results they may have originally indicated.