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Tibetan prayer flags have 5 different colours representing the 5 elements of the earth. Red color - fire, green - wood, yellow - earth, blue - water, white - metal. Each flag carries the Buddha's teachings (mantras and sutras) and a depiction of the Eight Fortunate Symbols, which include the precious parasol, golden fish, treasure jar, lotus, right-handed shell, infinite knot, victory flag and dharma wheel.