Highlighted is the setup formation for an ascending triangle .
-Price broke out of pennant resistance line
-Ascending triangle pattern begun to form ; higher lows with increased attempt at breaking out of triangle resistance line.
-Price breaks out of triangle resistance and retraces flipping resistance to support .
-Long position triggered on break above new higher high with SL below the last low below the new support
-Price broke out of pennant resistance line
-Ascending triangle pattern begun to form ; higher lows with increased attempt at breaking out of triangle resistance line.
-Price breaks out of triangle resistance and retraces flipping resistance to support .
-Long position triggered on break above new higher high with SL below the last low below the new support
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.