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.
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Check out Qualcomm (qcom) on 4/17/2018 on the 5 minute chart…textbook example of the ascending triangle in action.
what is the difference with this pattern to the wedge pattern? im so confused
geat video very informative and very easy to understand thank you
best stock tutorial
About the C&H, can it be used for intraday trading?
You don't explain WHY price action does this and what the big money in the markets is doing to effect this type of pattern…
Very informative and great presentation!
isn't it almost similar to triple top?
wrong wrong wrong
Hi Sasha, I bought your Build a Solid Market Trading Foundation course yesterday and watched it already. Great course! I will be buying more. Just a question, LPTN looks like a perfect Ascending Triangle. What do you think? I know biotechs are risky…
Sasha, I want to say – I appreciate your willingness to help others. I had very little confidence last year. I started watching some of your videos and it helped. You put out a video on a day trade where you explained everything in detail as you were buying and taking profits and it was a big confidence booster. Also because you are so genuine I could see you really do WANT to help others. I will start buying some of your classes so I can learn more and help others as well. I funded my margin account and in 3 days realized I can do this! It really can be done! Thanks so much! I think it is important that people realize to actually make a living you need help and you have no choice but to go with a margin account. The risk reward principle is very important also.
You should make a video explaining analyze and use volume to your advantage
Very useful radio! Thanks a lot!