Education: Ascending Triangle (Continuation) The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
Dow rallies at Open to close above 13,200, gains 145 points.
"The Dow closed the day with a solid gain after pushing higher throughout the session. However, the Dow didn't react to a breakout above 13,200 with confidence, which may indicate a reversal is near should 13,150 be crossed." http://www.signalwatch.com/markets/markets-dow.asp
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