Ascending channel patterns or rising channels are short-term bullish in that a stock moves higher within an ascending channel, but these patterns often form within longer-term downtrends as continuation patterns.
The price is currently moving in a symmetrical triangle and breaking resistance of descending trendline.
showing signs of bullish strength. We can expect a good move upward after the breakout of symmetrical triangle.
The Trend Line Breakout technique helps you time your entry in a trending market. You can use a Trend Line to trail your stop loss and ride massive trends. If a Trend Line breaks, wait for the re-test and see if it holds. If it does, the market is likely to reverse in the opposite direction.
bearish pennant is a technical trading pattern that indicates the impending continuation of a downward price move. They're essentially the opposite to bullish pennants: instead of consolidating after a move up, the market pauses on a significant move down