The support line will move upwards.
The resistance line will be a fairly straight line.
Below is a simple diagram for you to understand easily. Ascending Triangle Pattern
At the end of an ascending triangle, a breakout is likely
On the IRIX daily it appears to be the start of a potential head and shoulders structure. If this occurs, we could see a rebound for the next month with this stock (or up to $16.24, whichever comes first).