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The ascending triangle chart pattern can prove to be very helpful!
May 15, 2015

Ascending Triangle Pattern



The ascending triangle is generally considered to be a continuation chart pattern, and also a bullish indicator. The horizontal upper edge of the triangle is formed by a resistance level created by a series of equivalent highs, and the ascending lower edge rises towards the resistance level with a series of gradually higher lows. The pattern is completed when the upper edge of the triangle pattern is crossed, and this is usually seen to present indication of a breakout.

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