An Ascending Triangle Has Formed in Digi

Sunday, May 11, 2008

Trading with chart formation is one of the good trading techniques that we can adopt in our trading style. Anyway, it is your choice whether it's suit or not with you. If you see Digi chart below, Digi has formed ascending triangle. Ascending triangle is a bullish continuation pattern.

Digi Daily Chart

However we do need a breakout from the resistance level to act as a confirmation. Price target can also be measured by using this formation. Check yourself to understand this.

Happy learning and happy trading.

Related post:
- chart patterns and formations


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