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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Featured Article

How to Take a Loss

by Brett N. Steenbarger, Ph.D.
There are quite a few books written on how to make money in the market. Some of them are even written by people who have made money as traders! What you don’t see often, however, are books or articles written on how to lose money. “Cut your losers and let your winners run” is commonsensical advice, but how do you determine when a position is a loser? Interestingly, most traders I have seen don’t formulate an answer to this question when they put on a position. They focus on the entry,...

Technical Review

Platinum - a correction was overdue

2024-05-03 by Tim Straiton

The current price of platinum is $966 and trading above both its 50 and 200 day moving average. A golden cross formation took place at the end of April 2024. The daily MACD is in positive territory and trending upwards. The 14 day relative strength index is currently at 60% and not yet in overbought territory.

The gold to platinum ratio is currently trading at the 2.37 level after having made an all-time high in mid April at 2.56 - another example of absolute market aberration at a time when demand is estimated to outweigh supply for the coming 5 years according to the World Platinum Investment Council.

The last 12 month's price activity was characterized by wild swings in a trendless to bearish tendency where buying the dips and selling the rallies proved most profitable. It remains to be seen if platinum can re-instate itself as the most precious of precious metals. Buying the dips seems to be the wisest strategy at the current time.


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.

Featured Site

CFTC Forex Fraud

Site Description:

Commodity Futures Trading Commission consumer advisory site