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Ascending triangle pattern continued trend graph

February 18, 2011 by Forex Market

The ascending triangle is a graphic pattern that normally forms during an uptrend as a continuation pattern of trend. There are some exceptions in which the ascending triangle represents a reversal pattern and is when an ascending triangle is formed at the end of a downtrend, but they follow a typical pattern of trend. The formation of ascending triangles indicate accumulation, a consolidation period before continuing the uptrend, shown in the decrease in volume that often accompanies the ascending triangle formation. This chart pattern is formed by a …

Related posts:

  1. Descending Triangle – continuation chart pattern trend
  2. Symmetrical Triangle – a standard chart below trend
  3. Ascending wedge pattern – reversal chart
  4. Analysis of Chart Patterns: Triangles Ascending [Video]
  5. Measured downward movement – then chart pattern trend
  6. Moderate upward movement – then chart pattern trend
  7. Flags and banners – Pattern chart below trend
  8. Head and Shoulders – A pattern change in the trend chart
  9. Ground round – change chart pattern Tendencies
  10. Triple ceiling – chart pattern reversal

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