The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. (s/o to Wikipedia for the definition because I'm too lazy to type one up) XVG
I don't think this is a flag. It is a double top and will retrace before rising up. The first peak doesn't indicate a true flag. will retrace by 5-10% before rising again.