Step back and tell me if Im seeing this right, IS THAT AN ACENDING TRIANGLE?
An ascending triangle is generally considered to be a continuation pattern, meaning that it is usually found amid a period of consolidation within an uptrend, but it may also occur as a reversal pattern following a prolonged downtrend. Once the breakout occurs, traders tend to aggressively buy the security and send the price higher on high volume.
Trading Ascending Triangles
The ascending triangle pattern represents a period of consolidation during an uptrend, so the volume tends to contract as the pattern develops over time. When the breakout occurs, traders usually look for a significant increase in volume as confirmation of a breakout. The absence of volume during a breakout could lead to a false breakout - or a bull trap.
~investopedia.com
Read more: Ascending Triangle investopedia.com/terms/a/ascendingtriangle.asp
Follow us: Investopedia on Facebook
An ascending triangle is generally considered to be a continuation pattern, meaning that it is usually found amid a period of consolidation within an uptrend, but it may also occur as a reversal pattern following a prolonged downtrend. Once the breakout occurs, traders tend to aggressively buy the security and send the price higher on high volume.
Trading Ascending Triangles
The ascending triangle pattern represents a period of consolidation during an uptrend, so the volume tends to contract as the pattern develops over time. When the breakout occurs, traders usually look for a significant increase in volume as confirmation of a breakout. The absence of volume during a breakout could lead to a false breakout - or a bull trap.
~investopedia.com
Read more: Ascending Triangle investopedia.com/terms/a/ascendingtriangle.asp
Follow us: Investopedia on Facebook
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.