The chart of the November crude oil contract shows that prices are reaching the apex of its flag formation, lines f and g.
Over the next three months, DIA formed a flag formation, lines e and f.
The completion of the short-term triangle formation (lines e and f) last week was accompanied by strong volume.
The daily chart of the SPDR Gold Trust ( GLD) also shows a completion of the flag formation (lines e and f).
By the middle of January 2003, the lower support line could also be drawn (line F), which creates a flag formation (highlighted in red).
The daily chart looks very familiar, as it appears to have bounced from the lower boundary of its flag formation (lines e and f).
Microsoft ( MSFT) has traded in a fairly tight range since early August, and the weekly charts show a triangle, or flag formation, lines e and f.
The daily chart of iShares MSCI South Korea Index Fund ( EWY) is still locked in a wide triangle formation, lines e and f, but the fund is still up 5% since June 24, outperforming SPY by 3%.
The relative performance broke its downtrend, line f, last June and completed its bottom formation in September.
The daily OBV has broken out of a bottom formation, having overcome resistance at line f.
The RS line needs to move above its downtrend, line f, and its previous high to complete a bottom formation.
The relative performance has completed a bottom formation, having moved above key resistance (line f).
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