📈🚩 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