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Ascending Scallop Chart Pattern
The Ascending Scallop is a multiple candlestick chart pattern that indicates that a bullish continuation is taking place. This pattern forms close to the peak of an uptrend in the market. The Ascending Scallop is a candlestick pattern that consists of multiple candlesticks. The first candlestick is bullish and indicates that the market is in an uptrend. The next few candlesticks reveal a slight market retracement before climbing back up into another bullish candlestick. This slight retracement forms the shape of a scallop and is where this pattern got its name. Open buy position when price break upper horizontal line ... (full story)
