FOREX THEORY
Ascending Triangles (Part
2)
The story behind an ascending
triangle is that each time the price reaches a certain high, there are several
traders who are convinced about selling at that level, resulting in the price
dropping back down.
On the other side, there are
several traders who believe the price should be higher, and as the price begins
to drop, buy higher than its previous low. The result is a struggle between the
bulls and bears which ultimately converges into an ultimate showdown…
 The story behind an ascending triangle is that each time the pri...){kind=link}
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