ilmscore | Prediction Details
"so assuming we took a one: one here we have hit targets and are still looking for simple patterns we have created higher highs so we are in the process of looking for a triangle a flag or a pennant any one of you that are familiar with an ascending triangle we'll see that here we've put in multiple resistance levels and higher support levels this is an ascending triangle and what we would do in this case is wait for a breakout only in the direction of the underlying Trend which is up so we're only waiting for a breakout of our top line of the ascending triangle if this bottom Line's broken then that is irrelevant to the process we're using here we have a break and close above our top line"
By The Trading Channel (The Trading Channel) | May 3, 2016 | Pending
From video
(Trading Tutorial ) How to trade using simple patterns 00:11:01 - 00:11:47
Interpreted Prediction
An ascending triangle formation with multiple resistance and higher support levels was identified and traded, waiting for a breakout above the top line, with the underlying trend being upwards.

Prediction Details

Topic
Ascending Triangle Trading

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