The same trend lines can also form chart patterns, such as wedges, triangles, and many more. A deeper dive into chart patterns is available in the coming lessons.
The example above shows how two trend lines formed a descending triangle. When the bottom trend line was broken, an explosive move resulted.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
