It is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows.
It forms higher highs and higher lows and consolidates between resistance and support lines.
Support line climbs at greater angle and It suggest that higher lows are forming at greater rate than higher highs
It forms higher highs and higher lows and consolidates between resistance and support lines.
Support line climbs at greater angle and It suggest that higher lows are forming at greater rate than higher highs