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How Do I Trade An
Ascending Triangle Pattern?
The Ascending Triangle stock chart pattern is a continuation pattern. But sometime it can appear at the end of a downtrend and be a reversal pattern, in either case it is always a bullish formation. Look at the chart below.
This pattern is formed when the price cannot break above a certain level, forming a resistance line, and the top of the triangle. The price forms a series of higher lows, that form an ascending trend line. This is a great pattern to trade. Once the upper trend line is broken, the price can return to test the trend line before continuing the bullish trend.Stock Investing Center Stock chart patterns can be a good options trading strategy. Investing in stock options can be very risky, so educate yourself and learn the option trading basics before putting your money at risk.
Leave Ascending Triangles and go back to Stock Chart Patterns
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