PriceAction Indices, Commodities & Crypto

08 Sep 2024 13:47

🔔 LET'S LEARN CHART PATTERNS 📈

Today's Topic 📚

Ascending Trend Line 🔽

An ascending trend line or uptrend line is formed by connecting the lows, where the more recent low price is higher than the previous low price.

An ascending trend line extends into the future and can be thought of as a level of support.

Lines with a positive slope that support price action show that demand (more buyers than sellers) is increasing.

As long as the price action stays above this line, we have a bullish trend.

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