Ascending Channel

Ascending Channel

In technical analysis, a channel that trends upward. A price channel is the range between the support and resistance levels on a chart. In other words, an ascending channel is marked by higher highs and higher lows; this is a bullish signal that is likely to continue until the lows drop below the higher lows previously documented. See also: Descending Channel.
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References in periodicals archive ?
Sberbank equities slipped out from the ascending channel.
Taking a trade in the direction of the trend on the Daily chart off of the support line of an ascending channel is a higher probability entry.
Sberbank equities reached the upper end of the ascending channel, where met resistance.
Summary: On a two-hour chart the British Pound appears to have been traveling in a clean ascending channel against the Swiss Franc since 09/10/2008.
Rosneft's stocks declined within the ascending channel.
Rosneft's stocks are moving down within the ascending channel.