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frees2020
Guidelines for trading by Ascending Triangles
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Oct 15, 2018 at 07:18
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 trendUp-sloping bottom line Price makes a series of higher valleys, following a trendline....
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