We see many trend patterns while trading. One of them is ascending Triangle.You guys may rote that ascending Triangle is always bullish and it will be always bullish. But why it is bullish? Can't it be bearish any time? If not, Why? If yes, when? If you are finding the answers of these questions,this article is for you. Don't escape any line. Please read the full...
Triangles are among the most reliabiable of the continuation pateerns. There are 3 types of Triangles with forcasting value.
Ascending Triangles
Descendung Triangles
Symmentrical Triangle
Hello, dear subscribers!
Today we will talk about the most popular chart pattern - the ascending triangle. This is commonly known bullish pattern and its correct recognition will help you to earn money.
How to identify the Ascending Triangle?
First of all we should clearly understand that the price now is in global uptrend. The socond one is the uptrend support...
Ascending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs
when there is a resistance level and a slope of higher lows .
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows indicate more buyers are...
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Triangle patterns are some of the most commonly used chart patterns within the world of trading. The vertex of a triangle pattern represents a pivotal point during an ongoing battle between the bulls and the bears, thus making it an attractive setup for traders. The three most common...
HOW TO TRADE THE ASCENDING TRIANGLE?
1. Wait for the price to breakout from the inside of the triangle.
2. Enter the trade when price retest the breakout level.
3. Set your Stop-Loss below the last Lower Low of the market structure.
4. Set target to be equal with the distance from A to B.
This tutorial contains educational material.
Please hit the LIKE...
Just as with ascending triangles, most of the times, the price will break the horizontal support line, and continue with the move lower.
there is usually psychology behind every chart pattern ; and ascending and descending triangles are no exception.
Follow me closely as we will now ‘investigate’ the PSYCHOLOGY behind ascending triangles :
To make the analysis...
Ascending triangles are classified as continuation Patterns . Here are the key elements that make up an ascending triangle:
1. Bottom Trend Line(Support) – An ascending triangle is characterized by a bottom trend line that is formed as the price continues to set higher lows. The more touch points on the trend line, the more reliable it will be.
2. Horizontal...
The market isn't giving anything away as usual... what do you think this triangular correction is?
Please leave a comment!
*Disclaimer*
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the...
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Ascending Triangle Pattern Tutorial :
Ascending Triangle is a Bullish Pattern and sometimes also act as Bilateral Pattern;
What is Bilateral Pattern : Bilateral Chart Patterns are triangular patterns; they signal either a continuarion or reversal of the current price movement, mainly it depends on how the price breaks the triangle pattern. There are three main...
Emini Trend Following Strategies
The Emini trend following strategy is probably the most powerful. Trend following has the potential to generate the biggest profits. One of the greatest traders of all time Jesse Livermore said that the big money is always made on the big market swings.
We have identified two parameters that can be used to determine when we’re...
1D ASCENDING TRIANGLE BULLISH BREAKOUT.
Wait for a Daily Candle Close above triangle.
1H PULLBACK TRENDLINE BEARISH CONTINUATION BREAKOUT.
Wait for a 1H Candle Close below Pullback Trend line.
Or wait for a Bearish Continuation Break-Hook-Go candle pattern.
Ascending Triangle
An ascending triangle consists of a strong resistance level.
Strong levels are usually pretty obvious.
There will be lots of wicks and bodies that touch a horizontal trendline.
A trendline is not just a line but it is always a zone.
So you can expect the price to push through the level sometimes.
Other times price will just approach the...
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INDEX:FTSEMIB
The parabolic support guides us on a possible breakage of this resistance on the Italian index would make very interesting from the point of view of Risk Reward this potential trade since from that level onwards would meet much less resistance giving confidence to buyers to ride a possible trend.
Set alerts!
Stay Tuned!
Ascending triangle paired with descending volume during consolidation pointed to a price spike in Bitcoin earlier today.
Top may be in or at $10,200
Further lows most likely await.
