Description: The upper trendline is flat, while the lower trendline slopes upward.
Implication: This pattern suggests bullish continuation, where the price is likely to break above the flat upper trendline.
Buyers are getting stronger, as evident from higher lows.
Resistance at a certain level creates a horizontal line.
Implication: This pattern suggests bullish continuation, where the price is likely to break above the flat upper trendline.
Buyers are getting stronger, as evident from higher lows.
Resistance at a certain level creates a horizontal line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.