An ascending top chart formation is when a security continues to make higher swing points after each pullback. This type of price action is commonplace in an extremely strong bull market.
The ascending triangle pattern is a bullish continuation formation that can occur in both bull and bear markets. The ascending triangle is one of the oldest chart patterns in technical analysis and works on any trading time frame.
A Broadening Top is a powerful chart reversal pattern comprised of three peaks and two bottoms. It often leads to sharp, steep declines which quickly erase previous gains.
A descending triangle is a bearish continuation formation that can occur in both bull and bear markets. The descending triangle is one of the oldest chart patterns in technical analysis.