Ascending and Descending Triangle Patterns in Investar SoftwareĪlthough ascending triangles are not directly displayed in Investar software, you can indirectly get them by enabling the Auto-Support/Resistance and Auto-Trendline features. Both patterns can however be used as reversal patterns, however the use of that is rare. Ascending and Descending Triangle Patterns – A comparisonĪn ascending triangle generally happens in an uptrend and is a bullish pattern usually traded on the upside while a descending triangle generally happens in a downtrend and is a bearish pattern usually traded on the downside. Again the target would be the widest part of the ascending triangle. If a breakout happens on the upside of the descending trendline, a long entry can be taken and a stop-loss can be put below the horizontal support line. The target would be the widest part of the triangle. The stop-loss in this case would be the upper down trendline. It is created by a horizontal support line that is drawn along the swing lows, and a falling down trendline that is drawn along the swing highs as shown in the image below:Ī trader usually enters the trade on the short side, if the horizontal support line is broken down on the downside. It is a bearish continuation pattern indicating that the prior downtrend will continue.
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