ascending triangle

This type of triangle chart pattern occurs when there is a resistance level and a slope of higher lows.

What happens during this time is that there is a certain level that the buyers cannot seem to exceed. However, they are gradually starting to push the price up as evident by the higher lows.
Buying signal for us is a bullish breakout of resistance and market should close above structure.

Good luck!

Kommentar:

going to hit target

Trade geschlossen: Ziel wurde erreicht