header bg


A technical analyst is most likely to expect an uptrend in prices to continue if:

A converging trend lines form a triangle pattern on a price chart.

Triangles are thought to be continuation patterns, suggesting that the trend will continue in the same direction it was going when the triangle pattern formed. An RSI above 70 is thought to indicate an overbought condition, which can be a warning sign that the current uptrend is not sustainable. An uptrend line should act as a support level in an uptrend when the price approaches the trend line from above. If an uptrend line acts as a resistance level, the price must have broken down through the trend line, which is a sign that the uptrend may be ending.