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Selected Chart Pattern

Ascending Triangle

Pattern Description:

In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance. An ascending triangle is generally considered to be a continuation pattern, meaning that it is usually found amid a period of consolidation within an uptrend. Once the breakout occurs, buyers will aggressively send the price of the asset higher, usually on high volume. The most common price target is generally set to be equal to the entry price plus the vertical height of the triangle.

Ascending Triangle

The Elasticity2 System for Metastock

The Elasticity2 System for Metastock

Your chance to make consistent profits in the Crypto, Forex and Stock Markets! The Elasticity 2 Trading System addresses traders' demand for an easy-to-use trading concept that delivers a relatively high win-to-loss ratio and triggers trading signals in the direction of the current trend. It also indicates a protective stop loss and a suggested profit target on every trading signal generated. The Elasticity 2 Trading System is accompanied by a convenient template that displays stop loss levels, profit target levels, and the 29-period moving average. This comprehensive tool provides all the necessary information at a glance, making your trading experience more efficient. .


Price: $749.00