Rachel_T

Ascending Triangle (Continuation Pattern)

Long
Rachel_T Updated   
BITMEX:XBTUSD.P   Bitcoin
Ascending Triangles:

The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend (Known as an "Ascending Triangle Bottom Reversal Pattern)" as defined here where the end of the bear market (Primary Wave Correction) was comnpleted.
Trade closed: stop reached:
Stop Limit Hit, Idea Closed
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