ascending tops

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 series of peaks in price in which each peak is higher than the last. That is, a price may peak, then dip back down, then go to a higher peak, and so forth. Technical analysts often consider this a strong buy signal.

ascending 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.
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The Tadawul All-Share Index (TASI), reflecting a series of ascending tops, edged higher by 0.
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.