📈🚩 Ascending Triangle Pattern – A Strong Technical Signal for Continued Uptrend
The attached image clearly shows the "ascending triangle" pattern, which is one of the most famous continuation patterns in technical analysis.
🔍 What is the pattern?
It is a temporary consolidation period within an uptrend, represented by a corrective sideways or downward-sloping movement resembling a flag, preceded by a sharp upward movement known as the "flagpole".
📌 Pattern Details:
Flagpole: Represents the initial strong upward movement
Descending Channel: Represents a temporary consolidation
Entry Point: After breaking the upper boundary of the channel
Expected Target: Equal to the length of the previous pole
✅ Trader's Strategy:
Buy on the upward break
Set a stop loss below the channel
Target = Length of the pole added to the break point
🧠 Information for Beginners: This pattern is considered a strong indication of continued bullish momentum in the market, especially if it coincides with high trading volume at the breakout.
#تحليل_البيتكوين _Technical
#نمو_مالي _Flag Pattern
#تداول #كريبتو #Darar_Al-Hadari