What is ascending triangle pattern?

Ascending Triangle Pattern is a continuation pattern that means when it plays out it will continue the preceding trend. It is created by price moves that allow for an upper horizontal line to be drawn along the swing highs, and a lower rising trendline to be drawn along the swing lows. These two lines form an ascending...

What is a triangle pattern?

The triangle pattern is a triangle-shaped price structure formed by a series of price swing highs and swing lows. There are three types of the pattern: ascending, descending, and symmetrical triangle patterns.

How do you know if a descending triangle is a trend line?

A descending triangle is detectable by trend lines drawn for the highs and lows on a chart. A descending triangle is the counterpart of an ascending triangle, another trend line-based chart pattern used by technical analysts. What Does a Descending Triangle Tell You?

What is an ascending triangle in forex trading?

Test your knowledge of forex patterns with our interactive Forex Trading Patterns quiz What is an Ascending Triangle? The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support.