Thanks @stockarchitect In an ascending triangle, one trend-line is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trend-line connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance. 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. Once the breakout occurs, buyers will aggressively send the price of the asset higher, usually on high volume. The most common price target is generally set to be equal to the entry price plus the vertical height of the triangle The most telling part of this pattern is the ascending support line, which gives an indication that sellers are starting to leave the security. After the sellers are knocked out of the market, the buyers can take the price past the resistance level and resume the upward trend. http://ift.tt/2pni24N #stockarchitect #india #stockmarket #investing #investor #technicalanalysis #technicalanalyst #trader #trading #charting #charts #learning #daytrader #technicalthursday #Stocks #Business #Finance #Economy #Markets #Money #Entrepreneur #FinTech #Trade #Dreams #Investor #MarketNews #Cash #Daytrader #Invest #Investment

via Instagram http://ift.tt/2g4WRNW
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.