An Ascending Triangle is usually a bullish continuation — a flat resistance line on top with rising lows beneath. Buyers keep stepping in higher until price breaks out above resistance.
How traders trade it
- Trade the breakout above the flat top.
- Rising lows show building demand.
- Add the triangle height to the breakout for a target.
See it in dtcharts
Scan for the ascending triangle across markets in the dtcharts terminal — or draw it by hand with the charting tools.