Ascending & Descending Triangles Chart Pattern

Ascending and descending triangles are short-term investor favorites, because the trends allow short-term traders to earn from the same sharp price increase that long-term investors have been waiting for. Rather than holding on to a stock for months or years before you finally see a big payday, you can buy and hold for only a period of days and reap in the same monster returns as the long-time stock owners. As with many of our favorite patterns, when you learn to identify ascending and descending triangles, you can profit from upwards or downwards breakouts. That way, you’ll earn a healthy profit regardless of where the market is going. Set Your Target Price: For ascending and descending triangles, sell your stock at a target price of:  Entry price plus the pattern’s height for an upward breakout.  Entry price minus the pattern’s height for a downward breakout. To Profit from Symmetrical Triangles: Symmetrical triangles are very reliable. You can profit from upwards or downwards breakouts. You’ll learn more about how to earn from downtrends when we talk about maximizing profits. If you see a symmetrical triangle forming, watch it closely. The sooner you catch the breakout, the more money you stand to make. Watch For:  Sideways movement, a period of rest, before the breakout.  Price of the asset traveling between two converging trendlines.  Breakout ¾ of the way to the apex. Set Your Target Price: As with all patterns, knowing when to get out is as important as knowing when to get in. Your target price is the safest time to sell, even if it looks like the trend may be continuing. For symmetrical triangles, sell your stock at a target price of:  Entry price plus the pattern’s height for an upward breakout.  Entry price minus the pattern’s height for a downward breakout. - See more at: http://stocks-basics.blogspot.com/2016/10/ascending-descending-triangles-chart.html#sthash.v0x01CDS.dpuf