An Ascending Triangle Pattern is a bullish pattern and is formed when the price is trapped between horizontal resistance above and an upwards support trendline.
An ascending triangle is a bullish continuation chart pattern that forms when there is a strong upward trend in the price of an asset. It is characterized by a series of higher lows and a horizontal resistance area.
The Stock Screener supports different support and resistance trading strategies. Some examples are listed in this article.
Triangle patterns are well-known chart patterns within the field of technical analysis. They exist in different formations, bullish, bearish or symmetrical.
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Showing an Ascending Triangle Pattern
Support and Resistance lines on the chart
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