I don’t mean to sound rude, but this really is not the appropriate thread to discuss your topic. PhilipPirrip opened this thread to discuss his system, which by the way, is a very good system and has been profitable for me.
Flag patterns are continuation patterns. In your example, the trend should continue down after it breaks out from the consolidation. However, I would be careful trading the pattern on a 5 min chart. I believe it will be more accurate on a least a 1 hour chart and preferably a 4 hour or daily chart.
I hope this helps.