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General TradingA
Ascending Trend Line
A line drawn connecting two or more rising swing lows on a price chart. It acts as a dynamic support level and indicates an uptrend as long as price remains above it. The more times price bounces off the ascending trend line the more significant it becomes, and a confirmed break below it can signal a trend change.
Example
“Price bounced off the ascending trend line for the fourth time, reinforcing it as a key level of dynamic support.”