The Greedy Trader Weekly Analysis
Sign In Nov 15, 2019
Skip Navigation Links

TA Search

Weekly Pattern:Ascending Triangle
Number of records: 6
Archive
Sign In to see current Analysis.

Trend Analysis and Technical Indicators Scanner

- 11/8/2019 -
Your access is limited. Subscribe to see all 6 selected stocks.
Open Saved Filters How to use the Analysis page?
Symbol Weekly GFI Oscillators Trend Analysis Ranking Technical Candle Watch 
PriceChg%DailyWklyDailyWklyDailyWklyMtlyQtlyYrlySectorIndustrySignalsRanksticksList
ADI 113.023.34%70.9243.53 6 97 1 Add to Watch List
CI 188.204.84%88.1175.31 4 117 Add to Watch List
DVN 22.918.22%68.0731.13 2 15 1 11/08/19	Bullish  Three Inside Up
11/07/19	Bullish  Harami
11/06/19	Bearish  Long Red Real Body
11/04/19	Bullish  Long White Real Body
Add to Watch List
Help
Chart Analysis and Chart Pattern Recognition – Ascending Triangle Pattern
The ascending triangle pattern is a variation of symmetrical triangle formation that has a flat resistance line and a rising support line. The higher lows indicate the increasing demand and give the ascending triangle definitive bullish bias. The ascending triangle usually represents an accumulation stage in bullish market. The ascending triangle is considered as a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Volume usually increases on a breakout move. After breakout (similar to rectangle), resistance may turn into potential support and vice versa.
Ascending Triangle Screening page presents a list of stocks forming an Ascending Triangle Pattern.
Tips:
# 1As a continuation pattern, an ascending triangle usually appears within a young trend, characterized by neutral long-term indicators and overbought short-term indicators. An ascending triangle resets short-term indicators to neutral and then continues the movement in parent's direction.
# 2 As a reversal formation, an ascending triangle appears in a mature downtrend, characterized by oversold short-term and long-term indicators. This situation usually generates bullish divergence on long-term indicators.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Ascending Triangle Pattern,Ascending Triangle,Ascending Triangle Chart Pattern,Trend Support, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Related Links
Hide Help
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2018 All rights reserved.