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Guidelines for trading by Ascending Triangles

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  • Guidelines for trading by Ascending Triangles


    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.




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