Our Group: CySEC CIMA FSA

Ascending Trendline


An ascending trendline is simply a diagonal trendline drawn over a chart to connect a series of higher highs or lower highs.

Ascending trend lines are plotted overbullish trending markets to determine where the price action is likely to go if the trend continues uninterrupted. These bullish trendlines are also used to indicate possible breakdowns in the prevailing direction.

If price action breaks below an ascending trendline, it can be a bearish signal. As with all other trend lines, when the price is trading above them, they are regarded as support and when the price is trading below them, they are seen as resistance.

WE ACCEPT
visa mastercard paypal transfer skrill sofort giropay trustly

Open your EverFX account

It takes only a few minutes and even fewer clicks to enter the promising and exciting world of trading. Take the first step by clicking on the link below.
Trading involves significant risk of loss