Liking the intraday ascending triangle ...refs from daytrading coach.com
ASCENDING TRIANGLE:mce-anchor
Criteria: Equal/Nearly equal highs and higher lows on decreasing volume.
Entry: Breakout from the trend lines on higher then average volume as the trend lines converge.
Stop: Under the lows of the base or last major pivot low on the smaller time frame or under the lows of the setup bar.
Target: Equal distance on a breakout comparable to the distance between the first high and first low in the triangle. Ascending triangles tend to breakout higher.
