Trading the Ascending Triangle Stock Chart Pattern
2 min read-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.
#tradingstocks #ascendingtriangle #stockchart #stockpattern #chartpattern
Posted at: https://tradersfly.com/blog/ascending-triangle-stock-chart-pattern/
???? GET MY FREEBIES
???? SUBMIT A VOICE QUESTION
???? START HERE: FOR NEW TRADERS
???? START HERE: OPTION TRADERS
???? MY CHARTING TOOLS + BROKERS
???? MY COMPUTER EQUIPMENT
???? GET THE NEWSLETTER
???? SEE OUR MEMBERSHIP PLANS
https://tradersfly.com/go/members/
???? STOCK TRADING COURSES
???? STOCK TRADING BOOKS:
? GET PRIVATE COACHING
???? WEBSITES:
???? SOCIAL MEDIA:
https://tradersfly.com/go/twitter/
https://tradersfly.com/go/facebook/
? SUBSCRIBE TO OUR YOUTUBE CHANNEL
https://tradersfly.com/go/sub/
???? MY YOUTUBE CHANNELS:
TradersFly: https://backstageincome.com/go/youtube-tradersfly/
BackstageIncome: https://backstageincome.com/go/youtube-bsi/
MyLittleNestEgg: https://mylittlenestegg.com/go/youtube/
???? ABOUT TRADERSFLY
TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing.
Stock trading can be a brutal industry, especially if you are new. Watch my free educational training videos to avoid making big mistakes and just to continue to get better.
Stock trading and investing is a long journey – it doesn’t happen overnight. If you are interested to share some insight or contribute to the community we’d love to have you subscribe and join us!
