Ascending Triangle Pattern
A bullish continuation pattern with a flat resistance line and rising support, showing buyers becoming more aggressive.
Quick Answer
A bullish continuation pattern with a flat resistance line and rising support, showing buyers becoming more aggressive.
What Is the Ascending Triangle Pattern?
The Ascending Triangle is typically a bullish continuation pattern that forms during an uptrend. It features a horizontal resistance line at the top and an ascending support line at the bottom. Each successive low is higher than the previous, showing increasing buying pressure. The pattern usually breaks upward.
How the Ascending Triangle Forms
- 1Price reaches a resistance level multiple times
- 2Each pullback makes a higher low
- 3Support line slopes upward toward resistance
- 4Volume typically decreases as pattern develops
How to Confirm the Pattern
Price Target Calculation
Measure the height of the triangle at its widest point and project upward from the breakout.
Best Timeframes for Ascending Triangle
How to Trade the Ascending Triangle
- →Trade breakouts in uptrends
- →Set continuation trade targets
- →Identify accumulation phases
- →Time entries near support line
Common Mistakes to Avoid
Detect Ascending Triangle Automatically
VaultCharts automatically detects Ascending Triangle patterns on your charts. No manual analysis needed - the pattern is highlighted with entry zones and targets.