Novice Traders' Notebook | NOV 1996
V.14:11.Ascending and Descending Triangles by Thomas Bulkowski
Ascending And Descending Triangles by Thomas Bulkowski Last issue, symmetrical triangles and the ways to trade with this particular chart formation were the topic at hand. This month, we present two more variations of the triangle, the ascending and descending triangles, their attributes and how to use them in your investment decisions. Triangles are a class of chart formations that serve as a pictorial description of a market that is marking time. Often, a triangle represents a consolidation after a trend, allowing for the news driving the trend to be fully discounted by the market participants before the trend resumes. However, a triangle may also denote the final stage of the trend, setting up a reversal. Ascending and descending triangles can fill both roles. First, let’s take a look at the ascending triangle.
by Thomas Bulkowski
Technical Analysis of STOCKS & COMMODITIES
The Traders’ Magazine since 1982
has had over 1,226,237 subscribers from 174 different countries.
37,000 Page Traders’ Archive for $89.99
To continue reading, sign-up for trial access to Traders.com and the S&C Archive — 37,000 pages of trading ideas!
After verifying your email address, you will have limited access to the S&C Archive, as well as access to a Digital Edition of S&C, and access to Traders.com Advantage and Working Money for 30 days.
Not a subscriber to Technical Analysis of
STOCKS & COMMODITIES magazine?
Click
here to subscribe, or request
a trial subscription.
Log-in now to view articles from the S&C Archive.
Your Subscriber ID is located at the top of your magazine label, highlighted here in red.
Your last name can be found on the second line, highlighted here in blue.
*If you have a company name on the label, that can also be used. It will appear below your name on the label.
If you do not have a Subscriber ID on your label, you can find it on your statement or renewal form.
For help locating your Subscriber ID number, please call us at 1-800-832-4642 or send an email to Survey@Traders.com. If sending an email, please include your name and mailing address.