What are Ascending Tops and Ascending Bottoms?
In order to understand the role of ascending tops and ascending bottoms in the purchase and sale of stocks, it is important to have a working definition of both terms. Both ascending tops and ascending bottoms are indicators of the performance of a given stock over a period of time. While similar in many ways, both indicators do play their own unique role in the process of trading stocks. Here is some information about ascending tops and ascending bottoms that may be helpful. Ascending tops are an example of a chart pattern that is used to measure the progress of the price of a stock over a given period of time. This form of analysis focuses on the high price of the stock, taking note of the peaks in the overall performance of the stock. The pattern emerges when a stock demonstrates a repeated ability to establish a price that is successively higher than the previous quoted price. In terms of identifying a bull market condition for the stock, this indicates the performance of the stock
