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Ascending Triangle

The Ascending Triangle is a bullish continuation pattern with a horizontal resistance line and an ascending support line.

Horizontal resistanceRising bottomAscending Triangle: Rising bottom + Horizontal resistance → Break → Rise

Pattern Details

Category

continuation

Success Rate

73%

Average Move

+16%

Duration

2-3 weeks

Pattern Structure

Pattern Structure
Key components that define this chart pattern
  • 1
    Horizontal Resistance: Flat top line
  • 2
    Ascending Support: Rising bottom line
  • 3
    Volume typically decreases during formation

Trading Rules

Trading Rules
Essential rules for trading this pattern successfully
  • ✓
    Enter long on breakout above resistance
  • ✓
    Volume should confirm breakout
  • ✓
    Target = Height of triangle added to breakout point
  • ✓
    Stop loss below ascending support line
Trading Tips
  • Most reliable in uptrends
  • Watch for false breakouts
  • Minimum 3 touches on each line

Statistics

Breakout Statistics
Bullish Breakout73%
Bearish Breakout27%
Performance Metrics
Average Rise+16%
Average Decline-8%
Pullback Rate12%