As part of our member webinars, on the 8th of March 2018 we recorded a live webinar discussing ascending triangle patterns. During the Q&A session one of the Tech Charts members asked this question, "If I’m new to classical charting, what should I do to learn how to identify each pattern?"
We have prepared an excerpt from the webinar. I hope that it will add value in your learning experience. Educational Videos section is expanding rapidly. In the following months we plan not only more educational tutorials on Classical Charting Principles but also videos on the fine points of Technical Analysis.
As part of our member webinars, on the 8th of March 2018 we recorded a live webinar discussing ascending triangle patterns. During the Q&A session one of the Tech Charts members asked this question, “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?”
We have prepared an excerpt from the webinar. I hope that it will add value in your learning experience.
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https://blog.techcharts.net/wp-content/uploads/2018/04/bigstock-215382706.jpg427640Jolleen Olesonhttps://blog.techcharts.net/wp-content/uploads/2017/05/Tech-Charts-logo-FINAL-CLEAN-340w.pngJolleen Oleson2018-04-27 19:36:362025-07-24 04:56:56SEARCHING THROUGH THOUSANDS OF CHARTS
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
Live questions from Members
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
