Trader's Logbook

Maybe a break from Ascending Triangle soon? But watch out, downtrend bias is very strong. 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, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.

Caveat!