Ascending Triangle (as a Continuation pattern)
Definition of 'Ascending Triangle'
A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance. The chart below is an example of an ascending triangle:
25 comments:
....Now monthly Bar Reversal too.
May : H 5280 L 4789 C 4924
June : H 5273 L 4770 C 5279
C = 5279 > M.CEMA 5173
> M.JNSAR 5163
Not sure whether this will sound boasting ... but my chart reading told it last week.
Regards,
Rajib
Sorry High is 5286
Dear all blogmates,,,Happy weekend,,,,
Ilango Sir,,,I will be hoping some nice articles from to read in weekend ,,,so that we all can get motivated towards life & learn something,,,
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How to calculate sar n keep position on d base of sar or 5 dema? Arrey koi to bolo?
Sringesh
not in good taste
Plz delete it
Mr. Sultan
mail me and give me ur cell No. I will clear all your doubts.
DR,
Can't see the delete button. If you can please do it from your end.
Sringesh
after you log in
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Namaste Ilango Sir & Blogmates,
(Bullish : June range has been broken on the upside with huge OI addition, now Bears need to do all the work...; Option Analysis for 29-06-2012
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Re-calib lables from 5629 as:-
Ya 5629 4770 -859
Yb up can tgt 61.8% retrace @ 5301
Yb 4770 5301 -531 0.618
Within this Yb,
Yb.A 4770 5124 -354
Yb.B 5124 5048 76 -0.214689266
Yb.C 5048 5272 -354
Already done 65.2% x Yb.A
Next tgts 76.4 % = 5318 & c=A = 100% = 5402
Enjoy the Long train :-)
As per wavetimes.com Ramki's view nifty may resist at 5290 and come down to 4533. Pl. Discuss and guide with the angle of EW.
Dinesh sir my mob num is 9892182919 dinesh rishi u can call me any time
I dnt hv yr email id yhatswhy i send my mobik num, sorry to disturb u sir
sultan- remove ur mobile no. dont post @ public blog if u want send it to sir or take DR-ji's id from sir. hope u don't mind
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Dr sr plz giv me yr id
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It is most bullish at the top .... IMO this will turn out to be fake breakout... All of Friday's buyers will get slaughtered no later than Tuesday
Opinion : Trend following along with JNSAR is neither bullish nor bearish.It is staying objective as JNSAR takes care of not only capital but part of profit that may aries.
Present buy mode will get auto converted into sell mode if it is fake breakout or if it is real it will trail the profit ahead.Let the market to show its hand.Follow and flourish is better than be a biased.
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