Bullish Expanding triangle

🔅All triangle patterns consist of 2 lines, but in the previous 3 triangles (symmetrical, ascending, descending), the lines were converging, whereas for the expanding triangle, the lines are diverging.

🔅It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend.

🔅In the case of a Bullish expanding triangle chart pattern, the stop loss should be placed at the previous low of the pattern.

🔅The limitation for the target will be the previous resistance level which was formed before by the price action.