Angle of Ascent is a visual pattern that forms on a chart when stocks are running with momentum or velocity. Drawing a line along an up trending price action helps you see the Angle of ascent. Also Chaikins Osc and EMA MFI indicators are extremely helpful in warning a day ahead of time that the Angle of Ascent is too steep to sustain.
This is an exit signal for profit taking at or near the highest high of a swing style run.
Angle of Ascent is also used on Weekly Charts to determine how far a stock can run before resistance from previous highs will stall that stock and cause a minor to intermediate correction.
Recognizing when an angle of ascent has become too steep to sustain and using these indicators will help you hold a swing run but also help you exit before a retracement or correction starts.
The professional side of the market uses penny spreads, millisecond routing to the ques of the market, and can easily front run retail traders orders.
Reminder: retail brokers are required to light your order before sending to the PFOF Payment for Order Flow Market Maker of their choice.
The Digital Stock Market moves at a much faster pace with subtle nuances such as Angle of Ascent. As you become an advanced level trader to a semi-professional trader, or potentially a full time professional trader, these details matter more than when you are just learning stock trading.
Trade Wisely
Martha Stokes CMT
This is an exit signal for profit taking at or near the highest high of a swing style run.
Angle of Ascent is also used on Weekly Charts to determine how far a stock can run before resistance from previous highs will stall that stock and cause a minor to intermediate correction.
Recognizing when an angle of ascent has become too steep to sustain and using these indicators will help you hold a swing run but also help you exit before a retracement or correction starts.
The professional side of the market uses penny spreads, millisecond routing to the ques of the market, and can easily front run retail traders orders.
Reminder: retail brokers are required to light your order before sending to the PFOF Payment for Order Flow Market Maker of their choice.
The Digital Stock Market moves at a much faster pace with subtle nuances such as Angle of Ascent. As you become an advanced level trader to a semi-professional trader, or potentially a full time professional trader, these details matter more than when you are just learning stock trading.
Trade Wisely
Martha Stokes CMT
Martha Stokes, CMT
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Martha Stokes, CMT
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.