Finish pattern in ASC smoothly

Aug 6th, 2022
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How to Finish pattern in ASC

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in this video were going to talk about the chart pan of the ascending or rising wedge stay tuned hr8 is a very warm welcome to you so okay were talking about this kind of really interesting ascending wedge chart pattern I see interesting because for me these arent clear-cut Im gonna explain the textbook way around Im gonna explain what I think is the best way of trading these as well so stay tuned for the whole other video guys okay ascending wedge what is all about lets look at the characteristics of it first of all lets just clarify we can use these on a day trading chart 1 minute 5 minute 3 minute whatever were using for a kind of multi-hour hold or multi minute hold you know a little bit cautious about them maybe on a 1 minute if were being that aggressive with it because it can be theyre a little bit noisy a little bit grubby a bit dirty pad not as clean as some of the others but you know if Im a daily maybe for hourly hourly I dont youre good to go on these I think

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An ascending triangle pattern will take about four weeks or so to form and will not likely last more than 90 days.
An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is docHub if it occurs within an uptrend or downtrend. Once the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price broke out.
Are ascending triangle patterns bullish or bearish? Ascending triangles are generally bullish. They typically signal a continuation of an uptrend or, more rarely, a reversal of a downtrend.
An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is docHub if it occurs within an uptrend or downtrend. Once the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price broke out.
Ascending triangle patterns are bullish, meaning that they indicate that a securitys price is likely to climb higher as the pattern completes itself. This pattern is created with two trendlines.
Ascending Triangle Pattern (72.77%) The formation of this pattern requires two trendlines to be drawn. After the price successfully breaks above the first trendline, this indicates the restart or commencement of an uptrend, depending on which scenario you like.
The ascending triangle is often bullish, but breakouts can occur both to the upside and downside when this pattern appears. If the price descends below the support level on the bottom part of the triangle, the breakout may occur to the downside and shorting the stock would be a wiser move than buying it.
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.

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