Ascending Triangle
A coiling pattern with a flat upper resistance line and rising lower trendline, typically resolving in a bullish breakout.
An Ascending Triangle has a horizontal resistance line at the top (price repeatedly fails at the same level) and an upward-sloping support line at the bottom (higher lows). Price is being compressed into the apex.
The bullish bias comes from the higher lows — buyers are becoming more aggressive. A close above the flat resistance confirms the breakout. Target = pattern height (resistance minus first low of the pattern) projected from the breakout point.
- Volume typically contracts during the coil and expands on the breakout.
- Downside breakouts from ascending triangles are traps — they often reverse sharply back up.
Example
Gold consolidates between flat resistance at $2,000 and a rising trendline from $1,940 to $1,970 over 6 weeks. A weekly close above $2,000 triggers a ~$60 target, projecting to $2,060.
Related Terms
Breakout Retest
Price returning to test the former breakout level after the initial break — a resistance-turned-support confirmation and lower-risk entry point.
BeginnerContinuation Pattern
Any pattern that forms mid-trend and resolves in the same direction as the prior move — flags, pennants, and triangles are the most common.
BeginnerDescending Triangle
A coiling pattern with flat lower support and a declining upper trendline, typically resolving in a bearish breakdown.
BeginnerMeasured Move
A technique projecting a price target by duplicating a prior swing move from a breakout or consolidation point.
BeginnerRectangle Pattern
Price oscillates between two horizontal parallel levels — a neutral consolidation that resolves in either direction, often continuing the prior trend.
BeginnerRising Wedge
Two converging upward-sloping trendlines where the lower line rises faster — a bearish pattern signalling that upside momentum is exhausting.
IntermediateSymmetrical Triangle
Converging trendlines with lower highs and higher lows, signalling a coil of indecision that typically breaks in the direction of the prior trend.
BeginnerThrowback
A post-breakout pullback to the broken resistance level, which now acts as new support — a common re-entry opportunity in trending markets.
BeginnerWedge
Two converging trendlines that both slope in the same direction — the Rising Wedge is bearish, the Falling Wedge is bullish.
Beginner