ascending tops

Ascending Tops

This refers to a series of peaks, each peak higher than the previous one on the stock's chart pattern.

Above is a series of four ascending tops.

Notes:

This is considered a very bullish indicator.

See also: Cup and Handle, Head and Shoulders, Technical Analysis

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Ascending tops

A chart pattern that depicts that each peak in a security's price over a period of time is higher than the preceding peak. Antithesis of descending tops.

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ascending tops In technical analysis, a chart pattern indicating the up and down movement of a security's price and characterized by progressively higher peaks on each upturn. This pattern is considered bullish. Compare descending tops.

ascending tops