Definitions

Ascending Triangle

Posted By: TradersLog

The ascending triangle is a bullish chart pattern. The triangle is formed by two converging trendlines, where the lower line is rising and the upper line is flat. The price breaking through the horizontal resistance level depicted by the flat trendline is considered a buy signal.

Acending Triangle Chart Pattern

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Categories Definitions, Technical Analysis Definitions | Tags: Chart Patterns, Technical Analysis

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