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Identify the ascending triangle: First, ensure that you have correctly identified the ascending triangle pattern on the forex chart. Confirm the presence of a flat top resistance line and an ...
A triangle can act as a broader level of support in a stock’s meteoric rise or fall. When a stock breaks the resistance or support level established by the triangle, it’s a sign in the confidence of ...
The triangle pattern is one of the most popular price patterns in Forex because it is easy to recognize, has a good risk to reward setup, and provides clear and concrete price objectives.
From cityindex.com The ascending triangle pattern is a chart formation that forms after an uptrend. In an ascending triangle, the bull run stalls – but as a continuation pattern, it signals that the ...