Ascending Triangle Pattern: How to Identify and Trade Guide
2023.01.24 2023.01.24 Ascending Triangle Chart Pattern: Definition, How to Trade it Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ The ascending triangle chart pattern came to us from Western technical analysis. The formation of an ascending triangle pattern on the chart warns traders of an imminent upward impulse breakout. The pattern is characterized by “squeezing” the price from below. That is, […]
Expects volatility contraction amid Ascending Triangle formation
A recovery in investors’ risk appetite has led to a correction in USD/JPY. The volatility is contracting amid an Ascending Triangle formation. The 21-EMA is continuously providing support to the US Dollar. The USD/JPY pair has corrected gradually to near 130.15 after printing a fresh three-day high at 130.89 on Monday. The asset has corrected […]