Ascending Triangle

Launch Chart
KUNAL KAMBLE
SP500
·
Feb 11 2023
snapshot
SP500

The Security has formed an Ascending Triangle pattern on a 5min time frame. For a proper breakout the pair has to close above the resistance line.
Security closing above the resistance line would be an indication of a breakout on the Upside.

Breakouts can be on either side.
The prices are trading near the EMA, for breakout on the upside the pair has to close above the resistance and the EMA, vice versa for downside.

Advice :Trade as per breakout.