Trading the Ascending Triangle Stock Chart Pattern

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: tradersfly.com/blog/ascending...
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🛑 DISCLAIMER
All of the stocks mentioned in this video along with any other videos we have are opinions and not investment, financial or legal advice. These videos are for general education, information, and entertainment. Do your own due diligence and consult with a registered financial advisor before taking any position since everyone has a different risk tolerance.

[@chrisl299]

geat video very informative and very easy to understand thank you

[@sarahsun1205]

Very useful radio! Thanks a lot!

[@coolermaster1979]

Very informative and great presentation!

[@Mastifffriend]

Nice video. Is a high RSI ever a factor? I like a stock but has a 71 RSI but also is up 110 in past year so maybe not that bad?

[@GiraffePi]

best stock tutorial

[@youcan5863]

Thank you 🙏

[@tradersflyofficial]

Glad you liked the video :)

[@BenjiNathaniel]

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...

[@Michael-pg7rv]

You should make a video explaining analyze and use volume to your advantage

[@mohd1605]

About the C&H, can it be used for intraday trading?

[@mohd1605]

Sasha Evdakov Thank you Sir!

[@Shania010]

what is the difference with this pattern to the wedge pattern? im so confused

[@CentsTwo]

If you look at enough charts you can practice the skill of differentiating them.
The book
Realistic Stock Trading Analysis: Ascending Triangles Explained Using Real Chart Examples
is really good for this since it has lots of different chart scenarios.

[@millysanchez7137]

👍🏽👍🏽👍🏽

[@samuelkishore1]

What is the target

[@smartinvestor9348]

isn't it almost similar to triple top?

[@CentsTwo]

Yes it is and in some cases if it is a false ascending triangle it can be a drop through the trend line.
The book
Realistic Stock Trading Analysis: Ascending Triangles Explained Using Real Chart Examples
has lots of examples including that scenario so I think it's good for practicing to get familiar with those chart scenarios.

[@jakedryberg1415]

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...

[@jakedryberg1415]

Otherwise this video is no different to the thousands of other retail trader education videos out there

[@hishamelkot6886]

wrong wrong wrong