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Re: trader53 post# 5633

Thursday, 10/01/2020 7:36:45 AM

Thursday, October 01, 2020 7:36:45 AM

Thanks for the education Trader53: The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. The pattern completes itself when price breaks out of the triangle in the direction of the overall trend.

https://www.google.com/amp/s/www.dailyfx.com/education/technical-analysis-chart-patterns/ascending-triangle.html/amp

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