Notices

Ascending triangle

From Traderpedia

Definition:
A sideways chart pattern between two converging trendlines in which the lower line is rising while the upper line is flat.


Image:AscTriangle1.JPG

The Ascending triangle is a form of Continuation Pattern and just as with its cousins, the Descending triangle and the Symmetrical triangle they indicate a point at which the stock or index is 'resting' or consolidating before breaking out and continuing with its prior trend.

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