A continuation pattern with a flat upper resistance line and a rising lower support line. Chart patterns like this one are studied because they tend to repeat across timeframes and instruments, reflecting recurring crowd psychology in price action.
A continuation pattern with a flat upper resistance line and a rising lower support line. Chart patterns like this one are studied because they tend to repeat across timeframes and instruments, reflecting recurring crowd psychology in price action.
It typically signals building buying pressure ahead of a breakout. Traders progressing past the basics tend to lean on this more heavily as they start combining multiple concepts into a coherent trading approach.
Often resolves with an upside breakout above resistance. In practice, traders typically encounter this directly within their trading platform, charting software, or an economic calendar, depending on the specific context in which it arises.
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