ascending triangle

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Ascending triangle is a consolidation chart pattern formed as the trading range is narrowing down with time, confined between an inclined support line and a horizontal resistance line. Ascending triangles are bullish trend continuation patterns when they appear in an uptrend. Ascending triangles that follow a downtrend or appear inside a sideways market do not offer valid trading signals. The posts presented below offer examples of trade setups constructed upon ascending triangle patterns.

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