Ascending (Up) Trendline

Ascending (Up) Trendline

The advancing wave in a stock or commodity is composed of a series of ripples. When the bottoms of these ripples form on, or very close to, an upward slanting straight line, a basic Ascending or Up Trendline is formed.

Source: Edwards, Robert and Magee, John.Technical Analysis of Stock Trends 9th Edition; (c) 2007.