There are 3 important things to note:
1. The Initial Impulse (Flag Pole)
2. The retracement (Actual Flag or )
3. The Measured Move (an equal reaction swing to the pole)
These factors conclude to the formation of Flag and patterns. They are easy to identify and provide high potential returns.
Comment below your questions regarding the same to improve your and other traders understanding of the patterns by providing examples and any explanations if required.
Thanks for the support,