Wednesday, March 18, 2009

Ascending and Descending Triangle Pattern

When a price increase and try to break resistance and can not break it two times but still in BULL position, that The Ascending Triangle Pattern. To make Ascending Triangle pattern you must draw two lines, first line its resistance line, and second lines is diagonal line which trace the series of ascending troughs. Check picture below :

ascending triangle pattern



When a price decrease and try to break support and can not break it two times but still in BEAR position, that The Descending Triangle Pattern. To make Descending Triangle pattern you must draw two lines, first line its support line, and second lines is diagonal line which trace the series of descending troughs. Check picture below :

descending triangle pattern

I have to tell you that this two type of triangle pattern is good for short and medium term. Because they break very fast, just need only 2 or 3 weeks. You can buy and hold only for one weeks or two weeks. Target price, many of trader who used this pattern have 7 to 10% gain!! But you can HOLD MORE THAN A MONTH IF THE VOLUME TWICE THAN AVERAGE, you can gain almost 25% or more!!!


2 Comments:

mesin absen, sidik jari, access control, keylock said...

really informatif blog...

Robby said...

Thx for post a comment!!
im reraslly apreciate it