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Stoploss.ch

Technical Market Research and Investor Coaching

Delivering technical research of the financial markets
and offering professional guidance for those who wish to improve their trading performance.

Chart Patterns

Ascending Triangle

Pattern Description:

In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance. An ascending triangle is generally considered to be a continuation pattern, meaning that it is usually found amid a period of consolidation within an uptrend. Once the breakout occurs, buyers will aggressively send the price of the asset higher, usually on high volume. The most common price target is generally set to be equal to the entry price plus the vertical height of the triangle.
Ascending Triangle

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Using MetaStock XENITH

Jeff Gibby overviews MetaStock XENITH, The ultimate real-time market news and analytics platform for the private trader.

Featured Article

The Pin Bar Candlestick Pattern

by Tim Straiton
Pin bars belong to the most high probability reversal candlestick patterns which exist.  Both bullish and bearish pin bars have a long wick and a very short body. A bullish pin bar should have opening and closing levels as close to the wick high as possible. Whether a close higher than the opening is ideal but of secondary importance. Look for the appearance of a bullish pin bar after a prolonged market decline. A pattern confirmation requires the following close to be higher than...
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Technical Review

Cardinal Health, Inc. Bullish exhaustion warning.

2025-12-02 by Tim Straiton

Cardinal Health, Inc. is an American multinational health care services company, and the 15th highest revenue generating company in the United States. Headquartered in Dublin, Ohio, the company specializes in the distribution of pharmaceuticals and medical products, serving more than 100,000 locations. The price closed at $208 on Monday 1st.of December 2025, which is 24% above its rising 40 week moving average.

The MACD-V level of 202 suggests that a downside correction is highly likely in the near future. Further indication of market exuberance is the weekly choppiness index reading of 29, where a rise above the 35 level will most likely initiate a move to the downside.


Disclaimer

Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.

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Site Description:

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