Ascending Triangles:
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend (Known as an "Ascending Triangle Bottom Reversal Pattern)" as defined here where the end of the bear market (Primary Wave Correction) was comnpleted.
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend (Known as an "Ascending Triangle Bottom Reversal Pattern)" as defined here where the end of the bear market (Primary Wave Correction) was comnpleted.
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Stop Limit Hit, Idea Closed