Today we are going to learn everything about the ascending triangle pattern; what is an ascending triangle, how to trade it and its formation. KEY TAKEAWAYS Chart patterns serve as a valuable tool in a trader's toolbox, helping interpret market dynamics, manage risk, and make more informed...
Tips for Trading the Ascending Triangle Pattern The ascending triangle is an important pattern to watch out for since it could signify that a long anticipated breakout is about to occur. Of course, you may also try to trade an ascending triangle pattern to the upside, only for the bottom to...
An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is significant if it occurs within an uptrend or downtrend.1Once the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price bro...
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Ascending Triangle is one of the Trend Continuation Patterns that typically forms in an uptrend and indicates likely continuation of the upward trend.