`charting patterns in technical analysis formed by two converging trendlines: one descending and one ascending. They signify a period of consolidation where price movements become narrower, indicating a temporary balance between buyers and sellers. A key characteristic is the decrease in trading volume as the pattern forms, followed by a surge in volume when a breakout occurs.`
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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.