| Bull pennant bei IFX und TUI, (Wimpelformationen)"BULL" PENNANT IN AN UPTREND (BULLISH) How's that for a pattern? Remember from the preceding page; 'pennants look very much like symmetrical triangles, but are typically smaller in size (volatility) and duration.' After a near straight up advance, the market takes only three days before resuming the upmove. During those few days, participation drops off a bit, but comes back as the market explodes out of the pennant. (Take a look at all those gaps right before and right after the pennant. Obviously a very strong and convinced market!) Commodity Charts Examples Stock Charts ExamplesAscending triangle (bullish) bei T-Online Commodity Charts ExamplesStock Charts Examples The ascending triangle is a variation of the symmetrical triangle. Ascending triangles are generally considered bullish and are most reliable when found in an uptrend. The top part of the triangle appears flat, while the bottom part of the triangle has an upward slant. In ascending triangles, the market becomes overbought and prices are turned back. Buying then re-enters the market and prices soon reach their old highs, where they are once again turned back. Buying then resurfaces, although at a higher level than before. Prices eventually break through the old highs and are propelled even higher as new buying comes in. (As in the case of the symmetrical triangle, the breakout is generally accompanied by a marked increase in volume.) (Chart examples of ascending triangle patterns using commodity charts.) (Stock charts.) Greetz f-h http://www.anmeldung.boerse-total.de |
