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Aksel Kibar, CMT
@TechCharts
Chartered Market Technician (CMT) and Classical chart trader. Ex-Fund manager. 📈 ➡️ 📺 ➡️
449 Following    185K Followers
#ascendingtriangle# is a bullish chart pattern. It can form as a continuation as well as a bottom reversal. It's upward sloping lower boundary gives the pattern the bullish bias. Patterns are repetitive irrespective of time, geography, exchange or instrument. This ascending triangle is from 1986. Peter Brand's identification of a bottom reversal. From his book Trading Commodity Futures with Classical Chart Patters.
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#TECHCHARTSMEMBERS# These are 2 different stocks from different exchanges, sectors and geographies. The chart on the left is a recent addition to the #watchlist#, the chart on the right is a recent #breakout# #alert#. Common pattern is the #ascendingtriangle# that is acting as a reversal. Access >>
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