Ascending Triangle Chart Patterns – March 2018 Tech Charts Webinar
Ascending Triangle Chart Patterns - March 2018 Tech Charts Webinar
- Ascending triangle is a reliable bullish chart pattern that can act as a bottom reversal and continuation
- Breakouts from chart patterns with horizontal boundaries are more reliable when compared with breakouts from diagonal boundaries
- Important technical points when identifying ascending triangle chart patterns
- Importance of several tests of chart pattern boundary before a breakout takes place
- The broader context of price action and where the ascending triangle chart pattern forms
- Ascending triangle as a launching pattern
- Ascending triangle forming as a bottom reversal will take longer to develop
- Review of ascending triangle chart pattern breakouts between May 2017 and February 2017
- Defining chart pattern negation level and a logical point to label chart pattern negation on ascending triangle
- Recent chart pattern breakouts
- Developing ascending triangle chart patterns; a review of watchlist candidates
- Q&A
- Which broker do you recommend, where I can trade these stocks? I’m having a hard time finding one. 48:05
- If I’m new to classical charting, what should I do to learn how to identify each pattern? 49:45
- Any comment you care to make on the state of global markets? Europe and Japan look on edge… 51:44
- Do you actually search through hundreds of charts each week or do you use a software that alerts you to a breakout taking place across various markets? 53:14
- Science vs Art question - on the SBLK chart can you discuss your reasons for drawing the horizontal line where you did? 58:13
- Do you sell all your positions at profit target, if not how do you scale out? 1:00:33
- Do you look at currency and commodity patterns?1:01:23
- Do you look also for short sale candidates? 1:02:30
- Is there any point to consider when applying classical chart patterns on forex charts instead of stock? 1:04:50
- Do you have an estimate of timing - when the target should be met breaking out of these ascending triangle? 1:05:45
