Ascending Triangle

  

Categories: Charts, Metrics, Trading

The Ascending Triangle is a chart pattern used by analysts. You know those heart beat monitor lines you see on commercials for heart attack meds sometimes, where the line jumps up with every beat? This chart does that with stock prices. When a bull market pushes a stock price up at least four times followed by decreases, the chart shows lines moving up and down, like a triangle. The name comes simply from the what the chart measures, and what it looks like. Simple enough, right?

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analysts who look at what the company does for a living how hard its products

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are to manufacture how much they sell for how big global demand is how [Fundemental analyst check list]

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prospects from there how their balance sheet looks you know stuff like that

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fundamental elements of a company technical analyst view stocks only as [Technical analyst chucks the list away]

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stock charts with influence from all kinds of shapes made by recent [Examples of shapes on a blackboard]

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historical prices on a graph made by these stocks like you have a triple top

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here right like so there's a hard line is trying to break out of that line line [Top line is highlighted]

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says nook smacking you back down they can't break out so it's triple top and a [Hand smacks the price back down]

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lot of gravity there so no maybe I'm short that stock at the end of that

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triple top all right then you have the dome yeah it just kind of goes up but it

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do with the stock here I don't know I don't know then you have descending tops [End of the dome is highlighted]

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where Oh tried to break out oh but now it's a lower low because they miss their

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earnings ah now it's a lower low and again they missed so the stocks going [Trend line showing the price going down]

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nowhere it's pretty depressing around here then you have a saucer notably

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shaped like a smiley face yeah you can see the two eyeballs there so you want [Smiley emoji appears]

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to be long that stock somewhere in the middle there because

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then it goes up and does better and yeah life's good and color and dimension gets

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operations of a business technical analyst concerned with pretty little [Descriptions of each analyst shown next to them]

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