Forex Ascending and Descending Triangle Formations

When there is a continued bullish pattern, it is known as an ascending triangle. It is a consolidation pattern generally formed during up-trend when the price is holding the resistance level but still making higher lows. Descending triangle is an opposite pattern. It generally forms during a down-trend when there is a set support level but the price is still making lower highs.

Leave a Reply

Your email address will not be published. Required fields are marked *