This intersection of the horizon with the ecliptic can be calculated from: The ascendant, from an astrological point of view, is the value of the ecliptical geocentric longitude (or celestial longitude, λ) which is easterly on the horizon. First documented mention of an ascendent contained in the works by Balbilus. By the 3rd century BCE, Egyptians looked at the rising of specific asterisms to identify the ascending sign and get an approximate time of night, and that is reflected in the name subsequently given by the Greeks to the ascendant: horoskopos, or "hour marker." ὡρόσκοπος in the sense of "ascendant," and ὡροσκοπία, "observation of the ascendant," was used in the Greek manuscript of Ptolemy's Tetrabiblos. History Īlthough Babylonian astronomers observed the actual rising times of the signs, there is no specific mention of the ascendant in the texts that have survived on clay tablets. For this reason, astrologers consider that the ascendant is also concerned with how a person has learned to present themself to the world, especially in public and in impersonal situations. It signifies a person's physical appearance, and awakening consciousness.īecause the ascendant is specific to a particular time and place, to astrologers it signifies the individual environment and conditioning that a person receives during their upbringing, and also the circumstances of their childhood. The ascendant ( A sc, Asc or As) or rising sign is the astrological sign on the eastern horizon when the person was born. Its opposite is a descending broadening wedge.The ascendant in this example is marked Asc and is usually in the nine o'clock position of the horoscope. In 40% of cases, the price makes a pullback in resistance on the ascending broadening wedge’s support line.įor your information: An ascending broadening wedge is a reversal chart pattern. In 81% of cases, the pattern's price objective is achieved when the support line is broken. In 23% of cases, an ascending broadening wedge occurs in a consolidation movement. Statistics of the ascending broadening wedge after a trough NB: pullbacks are harmful to the pattern’s performance. The price objective is given by plotting the wedge’s maximum height onto the breaking point Resumption of the bearish movement after correction. CASE 2: formation of an ascending broadening wedge after a trough This type of pattern appears during the correction in a bearish movement, it is a bearish continuation pattern. In 21% of cases, the price makes a pullback in resistance on the ascending broadening wedge’s support line. In 60% of cases, an ascending broadening wedge’s price objective is achieved when the support line is broken. In 75% of cases, an ascending broadening wedge is a reversal pattern. Statistics of the ascending broadening wedge after a peak NB: often, the steeper the ascending broadening wedge’s trend lines, the faster the price objective is reached. The price objective is determined by the lowest point at which the ascending broadening wedge was formed. The break in the support line definitively validates the pattern. CASE 1: formation of an ascending broadening wedge after a bullish movement This type of pattern appears on the peaks, it is a bearish reversal pattern. A third wave is formed afterwards but buyers lose control again after the formation of new highest points.ĭuring the formation of an ascending broadening wedge, volumes do not behave in any particular way but they increase strongly when the support line breaks. A second wave of increase then occurs with more magnitude, signalling the loss of buyers' control after a new highest point. The lowest point reached during the first correction on the ascending broadening wedge’s support line forms the support. The buyers manage to make the price rebound on the support line but lose control after the formation of a new highest point. The divergence of the two lines in the same direction (increase in price magnitude) informs us that the price continues to increase with movements that are increasingly high in magnitude. This implies that the ascending broadening wedge pattern is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times).Īn ascending broadening wedge does not mark the exhaustion of the buying current, but the sellers’ ambition to take control. NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times. The upper line is the resistance line the lower line is the support line.Įach of these lines must have been touched at least twice to validate the pattern. It is formed by two diverging bullish lines.Īn ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern).
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