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Trading the Ascending Triangle Stock Chart Pattern

December 18th, 2012

The Ascending Triangle

  • It resembles accumulation.
  • It is a bullish pattern.
  • It doesn’t have to happen on an uptrend, but it is very helpful when it does.
  • The top of the triangle is fairly straight and the bottom of the triangle is ascending. The stock ascends and descends between these two lines of the triangle.
  • As the stock inclines, the volume declines because accumulation is taking place.
  • You want the volume to increase when it breaks, but the volume won’t always increase on the breakout.
  • Time-frame: a few weeks to a few months. The time-frame is less relevant than with the Cup and Handle Pattern.

Author: Sasha Evdakov

Sasha is the creator of the Tradersfly and Rise2Learn. He focuses on high-level education speaking at events, writing books, and publishing video courses on business development, internet marketing, finance, and personal growth.

I'm Sasha, an educational entrepreneur and a stock trader. In addition to running my own online businesses, I also enjoy trading stocks and helping the individual investor understand the stock market. Let me share with you some techniques & concepts that I used over the last 10+ years to give you that edge in the market. Learn More

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