Summary: to resolve to the upside Flags tend to fly at Half Mast or Three Quarter Mast see green flags on chart below That is the market tends to correct either 50 or 78 of the flagpole In this example you see a large digestion period took place from March 18 to April 13 and April 13 bottomed precisely at the 78 or what we call the Three Quarter Mast target for this
Image Dimensions: 520 x 437
Image originally found here.