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  • user warning: Table './mysmp_drupal/cache_filter' is marked as crashed and should be repaired query: UPDATE cache_filter SET data = '<h2>Definition of an Ascending Triangle</h2><p>An <strong>ascending triangle</strong> is a bullish chart formation. They can take place in both bull and <a rel=\"nofollow\" title=\"bear markets\" href=\"/stocks/bear-market.html\">bear markets</a>, but often times they are a continuation pattern of an existing uptrend.</p><h2>Technical Setup</h2><ol><li>Two <a title=\"swing highs\" href=\"/technical-analysis/swing-high.html\">swing highs</a> which are close in terms of price</li><li>Two swing lows where each low is higher in terms of price</li><li>Volume drops off during the formation of the ascending triangle</li></ol><h2>Price Target</h2><p>To calculate the price target for a breakout of an ascending triangle <a title=\"chart pattern\" href=\"/technical-analysis/chart-patterns\">chart pattern</a>, you take the difference of the highest and lowest price points in the formation, and you add this to the breakout level.</p><h2>Charting Example of an Ascending Triangle</h2><p>Notice how the price began to congest prior to the breakout.</p><p><span class=\"inline inline-none\"><img src=\"http://www.mysmp.com/sites/default/files/images/ascending-triangle.preview.png\" alt=\"Ascending Triangle Pattern\" title=\"Ascending Triangle Pattern\" class=\"image image-preview \" width=\"640\" height=\"494\" /><span class=\"caption\" style=\"width: 638px;\"><strong>Ascending Triangle Pattern</strong></span></span></p><br /><div class=\"image-clear\"></div>', created = 1563216272, expire = 1563302672, headers = '', serialized = 0 WHERE cid = '1:67cf39bf264a6cebaebbf46337d6594e' in /var/www/html/mysmp/includes/cache.inc on line 109.
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Ascending Triangle Pattern

Definition of an Ascending Triangle

An ascending triangle is a bullish chart formation. They can take place in both bull and bear markets, but often times they are a continuation pattern of an existing uptrend.

Technical Setup

  1. Two swing highs which are close in terms of price
  2. Two swing lows where each low is higher in terms of price
  3. Volume drops off during the formation of the ascending triangle

Price Target

To calculate the price target for a breakout of an ascending triangle chart pattern, you take the difference of the highest and lowest price points in the formation, and you add this to the breakout level.

Charting Example of an Ascending Triangle

Notice how the price began to congest prior to the breakout.

Ascending Triangle PatternAscending Triangle Pattern


Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

Tradingsim.com
Day Trading Simulator

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