Below is a slider quiz to test your ability to identify ascending triangles and trade them. Captions appear below the pictures in red for guidance, so be sure to scroll down far enough to read them.
1 / 7
Shown in red is an ascending triangle (A). Point B is the apex of the triangle. C is where price is supposed to turn. If you draw the triangle's trendlines accurately,
the apex should be a turning point. The turn may not amount to much or it can be substantial. But this works surprisingly well.
2 / 7
Find as many ascending triangles as you can. For help, click here.
3 / 7
I show one triangle, in red, at A. B marks the turn although this missed it by a day (it's usually accurate within 2 bars on either side of the target).
4 / 7
Let's try again. Find as many triangles as you can
5 / 7
The triangle is in red. That was easy, wasn't it? One more...
6 / 7
This triangle has broken out downward. How far will price drop, to line A, B, C, D, or none of them?
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