Bullish Continuation Triangle

1. Introduction

Bullish Continuation Triangle is a pattern formed by two converging trend lines. This pattern means that the current upward trend is likely to continue.

2. Feature

2.1 The bullish continuation triangle occurs after the rise of stock price, followed by several violent fluctuations;

2.2 The bullish continuation triangle is formed by two converging trend lines. The two trend lines converge into a triangle, and the upper trend line is nearly horizontal;

2.3 If the price has recently broken upward through the resistance line formed by connecting the tops of the triangle, it is likely to continue rising.