Ascending triangle
It is another bullish continuation pattern in which the price rests within a rising triangle figure after a bullish rally. We buy at the moment when the price cuts up the resistance line of the triangle. Our target is equivalent to the height of the figure. The pattern is broken when the price is returned to the triangle area.
The MADC indicator shows a clear upward convergence while the awesome oscillator also shows a long setup.
Long Setup: is a strategy used for the awesome oscillator where there is a change of trend from bearish to bullish.
Conditions:
Awesome Oscillator is above 0
There are two consecutive red histograms
The second red histogram is shorter than the first
The third histogram is green
Trader buys the fourth candlestick on the open