It is drawn very simply. Draw a semicircle (bowl) and a stick from it which is narrowed from below, then from above bowls a narrow rectangle (a rim or a ledge).
Draw the general contour of fire, then a detail.
Put shadows, using different softness pencils or regulate pressing it, it if you decided to draw Olympic flame a simple pencil if is not present, then paint with paints, colored pencils or felt-tip pens.
Look an Olympic Games symbol in Sochi the Olympic bear.