-Moving in ascending triangle -Testing the previous swing high(Most probably it will fail to breakout) -Bullish Market structure -Buy only above 1055 if there is volume expansion
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Turned out to be a successful breakout. Any ideas on how to proceed now?
relievedBus80802
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You rocked this one!
RS_V
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So if ascending Triangle forms in any chart can we assume bullish move? is it correct or wrong? pls tell.
johntradingwick
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@RajaSekharVelisetti, In general, the ascending triangle is considered a bullish pattern. It has a higher probability of breaking to the upside as compared to the downside. Sometimes, it may break to the downside too, but the chances of breaking to the upside are far more.