Ascending Descending Triangle Pattern

Basic Chart Patterns: Ascending and Descending Triangle

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Ascending & Descending Triangle Chart Pattern

Welcome to post #4 of the Basic Chart Patterns Series (2018) – Ascending & Descending Triangle Chart Pattern

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In this post, you will learn about the Ascending & Descending Triangle Chart Pattern and the best ways to trade these patterns.

Ascending Descending Triangle Pattern

Ascending Triangle Chart Pattern

 

Ascending Triangle Definition

 

The ascending triangle is a price pattern made up of two trendlines. A flat upper trendline which acts as the level of resistance and a lower trendline that joins higher lows in an upward slope.

 

How to identify Ascending Triangle

 

The pattern can indicate that the bulls are gaining control with the higher lows and weakening resistance leading to a potential breakout to the upside.

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