An ascending channel is the price action contained between upward sloping parallel lines.
Higher highs and higher lows characterize this price pattern.
Ascending channels show a clearly defined upward trend.
In this case the upper trend lines start from as far back as 1980 where price peaks were recorded, but only in the last fifteen years has the price drawn the lower line.
Now my hypothesis is that the channel may defined even in the top in the next two or three years.
I leave it to the future to confirm or not my vision.
🍀 The best of Luck 🍀
Higher highs and higher lows characterize this price pattern.
Ascending channels show a clearly defined upward trend.
In this case the upper trend lines start from as far back as 1980 where price peaks were recorded, but only in the last fifteen years has the price drawn the lower line.
Now my hypothesis is that the channel may defined even in the top in the next two or three years.
I leave it to the future to confirm or not my vision.
🍀 The best of Luck 🍀
