Ascending Triangle Pattern in Technical Analysis

The Ascending Triangle is a bullish continuation pattern. It forms when the price creates higher lows (🔼) while facing consistent resistance at the same horizontal level (🔴).


🧐 How to Identify It

1. Flat Resistance Line 🔴
   

• Price hits the same level multiple times and gets rejected.
  

• This creates a horizontal line on top.
  

1. Rising Support Trendline 🔼
   

Each dip forms a higher low, indicating buying pressure.

Connect the swing lows with a rising trendline 📈.

📊 How to Trade It

Entry : Breakout Entry: Enter when price breaks and closes above the resistance line with high volume 💥.Conservative traders wait for a retest of the breakout zone (resistance becomes support).

Target : Measure the height of the triangle and project it upward from the breakout point.
Example: If triangle height = $0.30, add $0.30 above breakout.

Stop Loss : Below the last higher low 🔽 Or slightly below the triangle support trendline 📉

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