Ascending Triangle Chart Patterns

Market Terms

We don't know everything about the markets.  We're just devoted to learners.  Taken from those smarter than ourselves, here's how we define Ascending Triangle Chart Patterns.

A type of chart pattern used to identify trading opportunities.  They’re created by price movements that allow for a line to be drawn from a peak (or “swing high”) along a rising trendline across the swing lows.  These two lines create a triangle.  Ascending triangles are also often called “continuation patterns,” as the price will normally breakout in the same direction as the trend.  Regardless of where they form, ascending triangles are bullish patterns that indicate asset increases over multiple transitions.