The pattern is often represented by drawing trendlines along an intersecting price scale, which suggests a stoppage in the ongoing trend. Technical analysts classify the triangle patterns as ...

What is an ascending triangle An ascending triangle is perhaps one of the most commonly recognised technical analysis patterns, also known as the bullish triangle, whereby the range of prices between ...

As the name suggests, the ascending triangle carries with it bullish connotations and typically forms in an uptrend, vice versa for the descending triangle. With the swing highs and lows of the ...