Ascending Triangle Pattern
The ascending triangle is generally considered to be a continuation chart pattern, and also a bullish indicator. The horizontal upper edge of the triangle is formed by a resistance level created by a series of equivalent highs, and the ascending lower edge rises towards the resistance level with a series of gradually higher lows. The pattern is completed when the upper edge of the triangle pattern is crossed, and this is usually seen to present indication of a breakout.
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A Goldilocks Economy – one that is ‘just right,’ may be described as having sufficient growth to allow for profit, but not so much as to create a bubble or result in the raising of interest rates.
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“Goldilocks” visited the market last Friday, and has set a good omen for the stock market in the week ahead – as stocks could be seen rising to record territory.....
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The flag chart pattern is formed when a sharp price movement is followed by a period of fairly flat trading. This consolidation phase is expected to precede a continuation of the prior trend.
Cup and Handle Chart Pattern
The cup and handle pattern, which resembles a tea cup viewed from the side, is often a good indicator of an upcoming bullish trend in price, especially when following prior upward price movement.
The Russell 3000 Index
The Russell 3000 Index is an important index which measures the
performance of the top 3000 publically listed companies in the US which account for approximately 98% of the total for the US markets.
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