The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation. - Stockcharts.com
 |
| Click to enlarge |
BONUS: Where is EW now?
 |
| Click to enlarge |
