Screener of Stock Bearish Triangle Ascending
AI Pattern Search Engine (PSE) V2

Operating the Pattern Search Engine is easy and straightforward


  • Set up pattern search criteria
  • Receive patterns in your feed
  • Bookmark patterns to track their status
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How It Works

Trading patterns is one of the most sophisticated trading strategies. It exploits the psychology of market participants, and takes advantage of the knowledge of market insights.If you want to use AI to discover these hidden effects, then Tickeron’s Pattern Search Engine is the tool you need. Using PSE, AI will teach you to recognize patterns and entry and exit points.

Pattern Types and Stats



Triangle Ascending

Triangle Ascending pattern

The Ascending Triangle pattern has a horizontal top line (1, 3, 5) representing a resistance level, and an upward­-sloping bottom line (2, 4). The Breakout can either be up or down, and the direction of the Breakout will determine whether the Target Price is higher or lower.

This pattern is commonly associated with directionless markets, since the contraction (narrowing) of the market range signals that neither bulls nor bears are in control. When the price of a security consolidates around highs it might indicate that a significant downtrend is ahead.

Trade Idea

If the price breaks out from the bottom pattern boundary, day traders and swing traders should trade with the DOWN trend. Consider selling the security short or buying a put option on the downward breakout price. To identify an exit, compute the target price by subtracting the pattern height from the breakout point. For downward breakouts the breakout level is the price at the lowest low within the triangle (2). The pattern height is the difference between the level of the top horizontal line and the lowest low.

To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to buy back a short position or sell a put option at or above the breakout price.

Triangle Ascending (Bearish)
UGRO Urban-gro Inc
Stock
ODDS FOR THIS TICKER: 90%
Aug 6
N/A
7%
57%
Triangle Ascending (Bearish)
NCNO Ncino Inc
Stock
ODDS FOR THIS TICKER: 90%
Jul 19
Aug 11
23%
10%
Triangle Ascending (Bearish)
TW Tradeweb Markets Inc - Ordinary Shares Cls A
Stock
ODDS FOR THIS TICKER: 78%
Aug 3
Aug 19
36%
7%
Triangle Ascending (Bearish)
KMX Carmax Inc
Stock
ODDS FOR THIS TICKER: 71%
Aug 3
Aug 13
50%
4%
Triangle Ascending (Bearish)
ATO Atmos Energy Corp.
Stock
ODDS FOR THIS TICKER: 70%
Aug 16
Aug 18
55%
2%