Ascending Triangle
How to trade ascending triangle pattern?
As a continuation pattern, the ascending triangle is a bullish formation that typically appears during an upswing. Even though ascending triangles are often continuation patterns, they can occasionally appear as reversal patterns near the conclusion of a decline. In this chapter, we will learn what an ascending triangle pattern is, along with certain trading strategies that can help you benefit greatly from them.
Name: | Ascending Triangle |
---|---|
Forecast: | Continuation Pattern |
Trend prior to the pattern: | Uptrend |
Opposite pattern: | Descending Triangle |
Accuracy rate: | 68% |
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