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Ascending Triangles PDF Print E-mail
Tuesday, 18 November 2008 16:35
Ascending triangles are relatively easy to spot and trade. Only a few rules are used to solidify the trade. In the following is a current chart that has an ascending triangle on it. We will follow this ascending triangle over the next couple of weeks to see how it develops and ends up.


Here are the basic rules to trade a bullish ascending triangle.
  1. There should be an established trend in place.
  2. At least two points should make up the top side Resistance line.
  3. At least two points should make the rising line.
Here is an example from past charts



When the setup occurs, you will look for the target to be equal to the widest point of the triangle



Stop should be half the size of the target.
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