Ascending Triangle Chart Pattern
An Ascending Triangle chart pattern can be classified as either a bullish continuation chart pattern or a bearish reversal chart pattern. A bullish continuation chart pattern means that the uptrend in place before the ascending triangle developed will continue. A bearish reversal chart pattern will change the direction for the share price from an uptrend into a downtrend.
Requirements
Characteristics & Observations
The preferred breakout from the ascending triangle would be on heavier than normal volume – this helps to confirm the upward move that is about to take place.
Breakout Area
Trading Strategies
Real Chart Examples
