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Ascending Triangle - An ascending triangle is a chart that is in a triangle pattern that is used for technical analysis and where the lower level continues to increase over a period of time, yet the top level stays relatively the same, also known as flat, simulating a resistance level. When the security's prices crash through the resistance level, it is a good indicator that it is a great time to buy, or to sit on selling the security, as the traders believe the security will still increase in value. The opposite happens on a descending triangle. |
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