Cosco 15 mins chart Ascending Triangle Chart Pattern

The ascending triangle is a variation of the symmetrical triangle. Ascending triangles are generally considered bullish and are most reliable when found in an uptrend. The top part of the triangle appears flat, while the bottom part of the triangle has an upward slant. In ascending triangles, the market becomes overbought and prices are turned back. Buying then re-enters the market and prices soon reach their old highs, where they are once again turned back. Buying then resurfaces, although at a higher level than before. Prices eventually break through the old highs and are propelled even higher as new buying comes in. Need to clear ascending triangle resistance line to proceed to next resistance at $3.08 followed by $3.15 . Immediate support is red uptrend slope of ascending triangle. Next support level is $2.98 followed by $2.95 .