Trading the Ascending Triangle Stock Chart Pattern

Videos
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.

#tradingstocks #ascendingtriangle #stockchart #stockpattern #chartpattern

Posted at: https://tradersfly.com/blog/ascending-triangle-stock-chart-pattern/

???? GET MY FREEBIES

Freebies

???? SUBMIT A VOICE QUESTION

Question – Hungry for Returns

???? START HERE: FOR NEW TRADERS

Start Here – for New Traders

???? START HERE: OPTION TRADERS

Start Here – Option Traders

???? MY CHARTING TOOLS + BROKERS

tools

???? MY COMPUTER EQUIPMENT

Resources: Computer Gear

???? GET THE NEWSLETTER

YouTube Newsletter Signup

???? SEE OUR MEMBERSHIP PLANS
https://tradersfly.com/go/members/

???? STOCK TRADING COURSES

See All Our Trading Courses

???? STOCK TRADING BOOKS:

Our Stock Trading Books

⚽ GET PRIVATE COACHING

Coaching for Stock Traders

???? WEBSITES:

Home Version 2.0

Home Page

Homepage 2.0

Home

Home

???? 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!

Articles You May Like

Somehow the Outlook of AT&T Stock Is Getting Even Worse
Elon Musk tells SpaceX employees that Starship engine crisis is creating a ‘risk of bankruptcy’
457 Plan vs. 403(b) Plan: What’s the Difference?
Ackman’s New SPARs Security Makes PSTH Risky Above $20
The AT&T Dividend Will Be About 6.5% After the Warner Bros. Spin-off