➡️ Formation Type: Upward Slope Triangle
➡️Trading Goal: Trading the Upside Breakout
Ascending triangles occur when the price is moving Up slope making Higher High and Lower Lows maintaining a slope of higher lows.
Ascending triangles can be formed before the release of important news or other data. As the market shows hesitation regarding where it is heading, volatility steadily decreases by forming a sideway formation.
➡️ {3/4 of the distance between the start of the triangle formation to the lowest point of the volatility range}.
➡️ CAUTION: CONFIRM BREAKOUT ONLY AFTER THREE PEAKS OR VALLEYS IN ANY TYPE OF TRIANGLE BEFORE TAKING TRADE AND WITH VOLUME.
