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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13 COMMENTS

  1. 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…

  2. 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.

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