Definition
Price keeps making higher highs and higher lows, which looks bullish, but the range narrows because each push higher gets less follow-through. A break below the lower trendline is the signal traders watch for.
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Two converging upward-sloping lines, often read as a bearish reversal.
Price keeps making higher highs and higher lows, which looks bullish, but the range narrows because each push higher gets less follow-through. A break below the lower trendline is the signal traders watch for.
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