For technical analysts,the pattern formed by a series of price fluctuations characterised by rising bottoms and horizontal tops is a/an:
A) ascending triangle.
B) symmetrical triangle.
C) descending triangle.
D) a pennant.

Question

Quizplus · Accepted Answer

The pattern described is an ascending triangle, characterized by a series of higher lows (rising bottoms) and a horizontal resistance level (tops). This pattern is typically considered a bullish continuation pattern, as it suggests that buyers are becoming more aggressive and willing to buy at higher prices, leading to a breakout to the upside.

For Technical Analysts,the Pattern Formed by a Series of Price