Business Definition for: ascending tops
ascending tops
chart pattern tracing a security's price over a period of time and showing that each peak in a security's price is higher than the preceding peak. This upward movement is considered bullish, meaning that the upward trend is likely to continue.
See also
descending tops
Related Terms:
chart pattern wherein each new high price for a security is lower than the preceding high. The trend is considered bearish.
Referring Terms:
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