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Trading Patterns – Ascending Triangle Pattern

January 15th, 2011 No comments

Here’s a post to share on Ascending Triangle Pattern:

Basically, the ascending triangle pattern is formed when the stock price maintain the same highs and at the same time make higher lows. The ascending triangle patterns are formed as buying demand gained more momentum and converges to the ‘sharp edge’ of the triangle before a upward break-out of the price.

Appended below is a picture illustration of a “Ascending Triangle” pattern:

Ascending Triangle Example

Ascending Triangle Example

Source: Wikipedia

I have also appended a video explanation, see below:


Lastly, using a Singapore stock as an example, see the chart of Capitaland at around 3.69 level resistance, with the chart pattern forming an ascending triangle pattern formation before breaking out on 29 Dec 2010:
Capitaland Ascending Triangle Pattern

Capitaland Ascending Triangle Pattern

Candlestick Video Trading : Video 16 – Candlestick Pattern: Morning Star

December 17th, 2010 No comments

Video by YourTradingCoach.com

Candlestick Video Trading : Video 15 – Candlestick Pattern: Evening Star

December 10th, 2010 No comments

Video by YourTradingCoach.com

Candlestick Video Trading : Video 14 – Candlestick Pattern: Bullish Engulfing Pattern

December 3rd, 2010 No comments

Video by YourTradingCoach.com

Candlestick Video Trading : Video 13 – Candlestick Pattern: Bearish Engulfing Pattern

November 26th, 2010 No comments

Video by YourTradingCoach.com

STI – Hovering Near 50 Days Moving Average

November 26th, 2010 No comments

STI (up till 25 Nov 10) – currently hovering around 50 days MA. Has to hold steady for the bulls to gain strength.

STI (Straits Time Index)

STI Hovering Around 50 Days MA

 

 

Candlestick Video Trading : Video 12 – Candlestick Pattern: Piercing Pattern

November 19th, 2010 No comments

Video by YourTradingCoach.com

Candlestick Video Trading : Video 11 – Candlestick Pattern: Dark Cloud Cover

November 13th, 2010 No comments

Video by YourTradingCoach.com


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