Trading University - 441777
Ascending Triangle and Descending Triangle💸💯🥳💥
The Ascending Triangle is a bullish chart pattern.
It’s a sign of strength as the buyers are willing to buy at higher prices (despite coming into Resistance).
So in an uptrend (the price above 200MA), you can look for an Ascending Triangle and buy the breakout.
And in a downtrend, look for a Descending Triangle and short the breakdown.