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Aruban Guilder
April 13, 2020
Ascending Trend Line
April 13, 2020

Ascending Trend Channel

Published by TradersColo at April 13, 2020
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    Ascending Trend Channel is a channel that has an ascending slope and indicates a bullish trend.

    The ascending trend channel can be used as a guideline for a bullish trend. The channel mostly consists of 2 lines. Mostly it is advisable to look for a buying opportunity at the dip when the price reaches the lower trend line. A breakthrough below the lower trendline and stay lower for a prolonged time, it could indicate an exhausted bullish trend or maybe a reversal. A breakthrough the upper trendline generates a strong buy signal.

    Related Articles:
    • Glossary: Descending Trend Channel
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