Ascending Triangle Chart Pattern Video Lecture - Chart Pattern Trading

good afternoon everyone this is
Christian with perfect stock alert calm
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please refer a friend or I'll hit you in
the face with a brick what I can't I
can't say that today we're going to be
looking at the ascending triangle this
is one of the easiest patterns to spot
and trade and make some substantial
money from so let me show you this
really quick the ascending triangle is a
bullish pattern it can be a continuation
pattern or a reversal pattern in most
cases it's a continuation pattern but
I've seen them both the ascending
triangle has two main key elements that
you'll be able to spot the more time you
spend with in the more you'll you'll
just easily recognize them the first one
being the high points you have to have
at least two but in most cases you're
going to find several of them and
they'll basically be showing a very
clear bump up against a solid line of
resistance just a solid straight line of
resistance that's keeping price in check
the second factor will be the ascending
aspect of the triangle which is the
support line which is trending higher
this shows you that buy pressure is
increasing as time continues that's why
the low points are not going as low
every single time they're getting higher
as they go on okay that's showing you
that buy pressure is building while sell
pressure is just remaining and the same
way at some point you get to the apex
and buy pressure supercede sell pressure
and you get the breakout at the breakout
price will close above the highest point
on the resistance line as you've drawn
there and that will be your buy
opportunity right there when you get
that breakout it's quite common to get a
double test of that after you've jumped
up to your pull back a little bit and
just kind of touch off on that previous
resistance to see if it turns into
support that's typically what happens
and then she'll continue higher you can
get a measurement of a target for how
high you expect this to go however there
are some caveats to it I'll get into
that later in trade school
video that I do there will show you one
of these and something about the volume
and its outlet to it later but one of
the easy ways for measuring this move
let me clean this chart up would simply
be to take the width of the start of it
and then expand that from the breakout
point and that gives you a target okay
when it comes to the volume of the
breakout that is important you would
like to see an increase on volume it
doesn't have to be there to get the
rally a but again I would personally
prefer it in the formation of the
ascending triangle pattern it's quite
common to see volume actually wane
substantially okay please take a moment
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