In charting, the term “ascending trend channel” refers to a set of parallel trend lines which indicate the highest and lowest points in a consistently climbing rate.
When used on a chart, both lines making up an ascending trend channel are straight, with the lower line following the lowest prices and the upper line following the highest prices indicated by the chart. An ascending trend channel is used to show that a rate has climbed steadily over a given period.
See also: Descending trend channel
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