![]() ![]() Ascending Triangle vs Descending Triangle Remember that all continuation patterns like the bullish flag, rectangle pattern, and many others that you can find through our Trading Strategy Guides website, need to have a context of a trend. See the chart below: Ascending triangle 1 2 The second element of the ascending triangle is a slanting or a rising trendline moving upwards. Hence, we have developed a resistance line. This shows that the market has tried multiple times to break the resistance top but it couldn’t. The first element of this price pattern is an upward-sloping trendline followed by a flat top. Note*: the reverse of an ascending triangle is the descending triangle also known as the bearish triangle. ![]() The triangle chart pattern is generally considered a bullish pattern. The ascending triangle is also known as the bullish triangle because it leads to a bullish breakout. The ascending triangle formation is a continuation pattern and as the name suggests it has the shape of a triangle. What does an ascending triangle indicate?.Conclusion – Ascending Triangle Formation. ![]() How to trade Ascending Triangle Pattern.Ascending Triangle Pattern in Downtrend.Ascending Triangle vs Descending Triangle.What is the Ascending Triangle Pattern?. ![]()
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