Ascending Channel Chart Pattern with breakout at upside
Buy on dips 42-43 for the targets above 46-47.
Ascending Upper Trendline: Also known as the channel line or secondary trendline. This is drawn in parallel to the main trendline. It should have at least two consecutive points forming higher highs. More point in the trendline indicates more strength in the pattern. The main trendline acts as a resistance in ascending channel pattern.
Ascending Upper Trendline: Also known as the channel line or secondary trendline. This is drawn in parallel to the main trendline. It should have at least two consecutive points forming higher highs. More point in the trendline indicates more strength in the pattern. The main trendline acts as a resistance in ascending channel pattern.