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:
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The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form ...
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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 ...
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The ascending triangle is a mediocre performer despite its reputation as a ... In fact, the ascending triangle performs best when the breakout is downward, ...
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The ascending triangle is a variation of the symmetrical triangle. Ascending triangles are generally considered bullish and are most reliable when found in an ...
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Ascending Triangle and ascending triangle patterns, uptrend stock continuation pattern.
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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 ...
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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 ...
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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 ...