What is Ascending Triangle?
A continuation pattern characterized by a horizontal resistance line and an ascending support line.
In-Depth Explanation
Practical Example
"Gold is consolidating in an ascending triangle on the 4H chart, suggesting a potential breakout."
Related Terminology
Descending Triangle
A continuation pattern characterized by a horizontal support line and a descending resistance line.
Breakout
When the price of an asset moves above a resistance level or below a support level with increased volume.
Bull Market
A market condition where prices are rising or expected to rise.
Bear Market
A market condition where prices are falling or expected to fall.
Tradeable Instruments Affected
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