Ascending Triangle
A triangle is usually formed when the top and bottom of the price move towards each other (similar to the sides of a triangle). The figure is often referred to as a trend continuation pattern. In practice, with a triangle, a trend reversal is possible.
has a horizontal line of resistance. With each wave, the lows are fixed higher, the price range becomes narrower. Usually, to enter a long position, traders take into account the fact of a breakdown of the resistance line or a rollback to it.
"Ascending Triangle" - a pattern of continuation of an uptrend. Formed between the horizontal resistance level and the rising support line. After the price closes above the resistance level, purchases are recommended, the target of working out is the value of the pattern base (H) in points.
