As we expected: the price made another strong move up after the breakout.... $BANANAS31
To trade this pattern, you can place a buy order above the flag and set a stop loss below to avoid risks in case the breakout is false.
As with descending flags, the size of the breakout movement is estimated based on the height of the previous (ongoing) movement, meaning that ascending flags can be an indicator of significant price movement.
Although flags may appear small on the chart, they can indicate large price movements, so it is important not to underestimate them!
The triangle chart pattern (Triangle.Chart.Patterns) shows how the price moves within a range that gradually narrows over time, reflecting a balance between buyers and sellers in the market.
This pattern is typically considered a "continuation pattern," meaning that the price will often continue in the previous direction after the pattern is completed...
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