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ascending tops

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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.

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.
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ascending tops


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Remember, bull markets are global affairs and, at last glance, the DJ World Stock Market Index was in a highly bullish mode, having held above key support last August and, in the interim, has traced out a continuation pattern of ascending tops and bottoms.
 
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