Bitcoin / TetherUSFormación
Ascending Triangle as Continuation and Bilateral pattern
Actualizado
Ascending Triangle Pattern Tutorial :
Ascending Triangle is a Bullish Pattern and sometimes also act as Bilateral Pattern;
What is Bilateral Pattern : Bilateral Chart Patterns are triangular patterns; they signal either a continuarion or reversal of the current price movement, mainly it depends on how the price breaks the triangle pattern. There are three main types of Bilateral Chart Patterns;
1) Ascending Triangle, 2) Descending Triangle, 3) Symmetrical Triangle.
An Ascending Triangle can be easily identified if you see a rising lower trendline along with a flat resistance. Also ascending triangle have some shortcomings like it can occur false breakout and the price reverses. You need to see how strong the breakout was by looking at volume at the time of breakout and if the breakout is not strong enough you can exit the trade and before entering you need to manage risk accordingly.
Check Out other tutorials; (tradingview.com/chart/BTCUSDT/OCt2JVLc-Two-shapes-of-Rising-Wedge-Patterns/), (tradingview.com/chart/BTCUSDT/zg7Fp3iT-Two-Shapes-of-Falling-Wedge-Patterns/)
Stay Tuned 👍;
Ascending Triangle is a Bullish Pattern and sometimes also act as Bilateral Pattern;
What is Bilateral Pattern : Bilateral Chart Patterns are triangular patterns; they signal either a continuarion or reversal of the current price movement, mainly it depends on how the price breaks the triangle pattern. There are three main types of Bilateral Chart Patterns;
1) Ascending Triangle, 2) Descending Triangle, 3) Symmetrical Triangle.
An Ascending Triangle can be easily identified if you see a rising lower trendline along with a flat resistance. Also ascending triangle have some shortcomings like it can occur false breakout and the price reverses. You need to see how strong the breakout was by looking at volume at the time of breakout and if the breakout is not strong enough you can exit the trade and before entering you need to manage risk accordingly.
Check Out other tutorials; (tradingview.com/chart/BTCUSDT/OCt2JVLc-Two-shapes-of-Rising-Wedge-Patterns/), (tradingview.com/chart/BTCUSDT/zg7Fp3iT-Two-Shapes-of-Falling-Wedge-Patterns/)
Stay Tuned 👍;
Nota
Example : Nota
Example : Ascending Triangle as Bilateral PatternNota
Stay Tuned 👍; more coming
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.