Chart patternsIntermediate

Bear flag

A sharp drop, then a short, slightly upward drift on lower volume.

What it means: A pause in a downtrend, often before it continues lower.
What to watch: A break below the flag's lower edge.
How Compass Alpha uses it: Context only; not used in Compass scores.

More in Chart patterns

Accumulation base
Price moves sideways in a tight range for weeks while volume quietly builds.
Breakout
Price pushes through a level it failed to cross before (resistance).
Bull flag
A sharp rise (the pole), then a short, slightly downward drift (the flag) on lower volume.