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Guidelines for trading by Ascending Triangles

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Guidelines for trading  by Ascending Triangles  in Trading Systems_xx

Guidelines for trading  by Ascending Triangles





Ascending triangles are wedge-shaped patterns that break out most often upward. The triangle can act as a reversal or continuation of the existing price trend.





Busts the ascending triangle A busted ascending triangle occurs when price breaks out in one direction, moves less than 10 percent before reversing, and continues in the new direction to close above the top or below the bottom of the triangle.





Horizontal top line Price along the top follows a horizontal trend





Up-sloping bottom line Price makes a series of higher valleys, following a trendline. The two trendlines converge





Price crossing Price must cross the pattern from side to side, filling the triangle with movement. Avoid patterns with excessive white space in the center of the triangle





Breakout Can be in any direction, but is upward the majority of the time.





When searching for ascending triangles, make sure price crosses the chart pattern from side to side several times. Price should not be bunched up near the start nor near the end with an empty white hole in the middle





An ascending triangle forms because of increasing demand at lower prices matched with selling at a constant price.





The breakout from an ascending triangle is upward 64 percent of the time based on research completed in 2011 using over 1,600 ascending triangles in both bull and bear markets.





The apex of a triangle is where price tends to form a short-term peak or valley.





Measure rule



Compute the height of the formation at the start of the



triangle. Add the result to the price of the horizontal trend line



(upward breakout) or subtract it from the break price



(downward breakout). The result is the minimum price target.



For trading signals



Wait for confirmation Buy the pair when price closes beyond the trend line.





Sell on measure rule



For short-term traders sell trading signals generate when pair nears the target (see



measure rule). For intermediate- and long-term traders, hold



the pair until fundamentals or market conditions change.



Sell on downward breakout



If you own the stock and it breaks out downward, sell. If you



do not own it, sell it short. Should the stock pull back, that is



another opportunity to sell, sell short, or add to your short



position.


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#1 - October 14, 2018, 09:27:20 PM
« Last Edit: March 07, 2019, 08:50:45 PM by Admin »

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What are the right timeframes to use while applying DESCENDING TRIANGLES, or does it work well even with small timeframES
#2 - October 20, 2018, 01:43:48 PM
« Last Edit: October 20, 2018, 02:07:12 PM by Admin »

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what a ascending pattern not work?
#3 - February 04, 2019, 09:35:22 PM

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This is very good in learning, what I noticed is that this technique is fairly easy to understand and is perfect for beginners to learn because it is not as difficult as imagined, I highly recommend this technique
#4 - February 05, 2019, 04:08:58 AM

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A very good technique, I think by using the ascending triangle, it's a good suggestion
#5 - February 05, 2019, 04:16:47 PM

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it is good to use this technique but in certain circumstances such as news it will have no effect, I often use this technique to find out the correction but good too
#6 - February 05, 2019, 06:56:25 PM

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when itry to learn . what i know that The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascendingtriangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascendingtriangles are bullish patterns that indicate accumulation. For trade we usually trade buy if the price breakout that triangle
#7 - February 06, 2019, 11:15:55 AM

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Can ascending and discending be combined with the oscillator indicator?
#8 - February 06, 2019, 01:02:03 PM

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when itry to learn . what i know that The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascendingtriangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascendingtriangles are bullish patterns that indicate accumulation. For trade we usually trade buy if the price breakout that triangle
but sometimes tail shadow makes our stop touch. and that's what I don't like, or maybe the signal after the initial trend continue to show only shadow
#9 - February 06, 2019, 01:04:04 PM

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example of the Ascending Triangles pattern, so it's not easy to learn and understand

Guidelines for trading  by Ascending Triangles  in Trading Systems_ascending-Triangle
#10 - February 07, 2019, 05:58:47 AM

  • Guidelines for trading  by Ascending Triangles  in Trading Systems_Emilio_Estevez
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example of the Ascending Triangles pattern, so it's not easy to learn and understand

Guidelines for trading  by Ascending Triangles  in Trading Systems_ascending-Triangle
Thank you for giving an example of how that is covered by Ascending Triangles, it's easy for me to understand, hopefully I can combine it in my trading, because I use support and resistant techniques, very suitable for me to look for an ascending triangle pattern.


#11 - February 07, 2019, 07:57:28 AM

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example of the Ascending Triangles pattern, so it's not easy to learn and understand

Guidelines for trading  by Ascending Triangles  in Trading Systems_ascending-Triangle
Thank you for showing the sample triangle image, with a sample image making it easier to learn and trying to practice it on the chart directly
#12 - February 12, 2019, 12:17:16 AM

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I have read an ebook that pays attention to the Pattenr chart
there I found there are 3 traingel patterns
1, discanding triangle
2. ascneding triangel
3. semitrical triangle

what is the difference between these three triagngles, sir.
because the ebook that I read did not describe in detail the differences
#13 - March 07, 2019, 04:53:31 PM
« Last Edit: March 07, 2019, 08:51:20 PM by Admin »

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I have read an ebook that pays attention to the Pattenr chart
there I found there are 3 traingel patterns
1, discanding triangle
2. ascneding triangel
3. semitrical triangle

what is the difference between these three triagngles, sir.
because the ebook that I read did not describe in detail the differences
to determine how the op is how sir
#14 - April 26, 2019, 12:52:58 AM

  • Guidelines for trading  by Ascending Triangles  in Trading Systems_Avril_Lavigne
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to determine how the op is how sir
this is actually the essence of the material being studied, namely how to find the right entry and exit points
#15 - May 10, 2019, 01:54:52 AM

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