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ascending triangle

A triangle chart pattern used in technical analysis, where the bottom level continues to increase over time, and the top stays relatively flat as a resistance level. If the security's price breaks through the resistance level, it is considered to be an indicator that it is a good time to buy or take a long position, as traders think the security will likely continue to increase. opposite of descending triangle.

Related information about ascending triangle:
  1. Ascending Triangle (Continuation) - ChartSchool - StockCharts.com
    The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form ...
     
  2. Ascending Triangle Definition | Investopedia
    A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one ...
     
  3. Bulkowski's Ascending Triangles
    The ascending triangle is a mediocre performer despite its reputation as a ... In fact, the ascending triangle performs best when the breakout is downward, ...
     
  4. Ascending Triangles
    The ascending triangle is a variation of the symmetrical triangle. Ascending triangles are generally considered bullish and are most reliable when found in an ...
     
  5. Ascending Triangle - TheStockBandit.com
    Ascending Triangle and ascending triangle patterns, uptrend stock continuation pattern.
     
  6. Triangle (chart pattern) - Wikipedia, the free encyclopedia
    The ascending triangle is formed when the market makes higher lows and the same level highs. These patterns are normally seen in an uptrend and viewed as ...
     
  7. Ascending Triangle Definition, Example & Chart | InvestingAnswers
    We explain the definition of the Ascending Triangle, provide a clear example of how it works and explain why it's an important concept in business, finance ...
     
  8. Incredible Charts: Triangles and Wedges
    An ascending triangle is formed by equal highs and higher lows. It is a bullish signal, whether encountered in an up- or down-trend. It is most often observed as ...