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

Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

Send this article to a friend.

Enter multiple addresses on separate lines or separate them with commas.