Flags and Pennants

Do all flags and pennants have to lead with a gap? Or is it just a steep price trend?

Not really important to ‘lead’ with a gap. It may however exit with a gap if the price break is strong.
You will however not really be able to trade the stock (or profit potential has decreased), if the stock gaps to much.

Your profit target when it generally breaks out of a tight range or pattern can be roughly 100% of the previous range. I have shown a brief example on CSL…

I have a question with regards to the Ebook I have , it is the older version of 2015
And the syllabus has changed a bit than .
Do I need to purchase a fresh copy of the same or is there any other alternative
Please do guide me for the same
Ankit Mehta