Ascending Triangle
Also known as: Rising Triangle
Horizontal resistance on top, rising lows below. Buyers push price higher into the same ceiling – when it breaks, the move usually continues up.
How it forms
A flat upper line (resistance) and a rising lower trendline converge. Volume dries up toward the apex and spikes on the breakout.
How it is typically traded
On a close above the horizontal resistance.
The height of the triangle at its widest point, projected upward from the breakout.
Below the most recent rising-lows line.
Where & when – and the limits
Considered a continuation pattern in uptrends but can also act as a bottom. Beware false breaks just below resistance – a closing confirmation helps.
Related patterns
Education, not investment advice. Chart patterns describe probabilities, not guarantees – they fail regularly. Always manage risk with stop-loss and position size.
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