What are Ascending and Descending Tops and Triangles? It's almost like a stock break out to the good is being squeeeezed out the end. Like the stock can't help but go up at the end of the triangle.
Ascending tops and triangles is a trading pattern used by chartist style traders. Those aren't woke working class traders. They're just traders who focus on the graphic representation of stock performance. The same holds true for descending tops and triangles. Basically, take everything we said here, and invert it.
Note the pattern of ups and downs…but as time progresses, the blue line at the bottom acts as if it's a lower limit where the stock can't bounce through that virtual floor…and then, one day, like a zit that's bursting at the seams, the stock pops, and creates a new set of ascending tops and triangles. Hopefully it doesn't leave a pockmark on your portfolio.
Related or Semi-related Video
Finance: What are Ascending and Descendi...2 Views
Finance a la shmoop what are asending and descending tops and triangles well
it's almost like a stock breakout to the good is being squeezed out the end right [Ascending triangle stock prices on a graph]
here... well in this pattern it's like the stock can't help but go up at
the end of the triangles here well ascending tops and triangles is a trading
pattern used by Chartist style traders ie traders who just focus on the graphic
representation of stock performance, well the same holds true for descending tops
and triangles basically take everything we said here and invert it..Oh head rush [Triangle inverted on graph]
there flip that back over - Note the pattern here of ups and downs but as
time progresses the blue line at the bottom acts as if it's a lower limit [Arrow points to blue lower limit line]
where the stock can't bounce through that virtual floor it just goes up and
then one day like as zit that's bursting at the seams well the stock pops and
creates a new set of ascending tops and triangles hopefully it doesn't leave a
pock mark on your portfolio well when it does that [Man holding up portfolio]
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