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The difference (breadth) is considered important in gauging the strength or weakness of the market. Daily observations are the most common.
III. Ascending Triangle (or Rising Triangle): A chart pattern containing a series of lows, each successively higher than the last, and a series of highs that are at approximately the same level. It is considered a bullish formation when volume increases on the ascending legs. When a breakout through the level of the highs is made, the pattern is completed.
IV. Average Balance Volume Line: A simple moving average applied to the tick volume based on a comparison of the current and previous period's closes...
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