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Trading the Ascending Triangle Stock Chart Pattern

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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. ★ SUBSCRIBE TO MY YOUTUBE: ★ http://bit.ly/addtradersfly ★ 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 large mistakes and to just 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! STOCK TRADING COURSES: -- http://tradersfly.com/courses/ STOCK TRADING BOOKS: -- http://tradersfly.com/books/ WEBSITES: -- http://rise2learn.com -- http://criticalcharts.com -- http://investinghelpdesk.com -- http://tradersfly.com -- http://backstageincome.com -- http://sashaevdakov.com SOCIAL MEDIA: -- http://twitter.com/criticalcharts/ -- http://facebook.com/criticalcharts/ MY YOUTUBE CHANNELS: -- TradersFly: http://bit.ly/tradersfly -- BackstageIncome: http://bit.ly/backstageincome
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Text Comments (16)
Tim Watson (7 months ago)
Check out Qualcomm (qcom) on 4/17/2018 on the 5 minute chart...textbook example of the ascending triangle in action.
שני עופר (9 months ago)
what is the difference with this pattern to the wedge pattern? im so confused
Chris LaBriola (11 months ago)
geat video very informative and very easy to understand thank you
GiraffePi (1 year ago)
best stock tutorial
iMightBeNumb (1 year ago)
About the C&H, can it be used for intraday trading?
iMightBeNumb (1 year ago)
Sasha Evdakov Thank you Sir!
Jake Dryberg (1 year ago)
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...
Jake Dryberg (1 year ago)
Otherwise this video is no different to the thousands of other retail trader education videos out there
coolermaster1979 (1 year ago)
Very informative and great presentation!
Mastifffriend (5 months ago)
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?
Smart Investor (2 years ago)
isn't it almost similar to triple top?
hish vasco (2 years ago)
wrong wrong wrong
Benji (3 years ago)
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...
John Pelaez (3 years ago)
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.
Michael (3 years ago)
You should make a video explaining analyze and use volume to your advantage
SARAH SUN (4 years ago)
Very useful radio! Thanks a lot!

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