What is the ascending triangle pattern?
The ascending triangle is a bullish continuation pattern. A flat ceiling with higher lows pressing into it. Each pullback is shallower than the last.
How does the ascending triangle form?
A flat ceiling with higher lows pressing into it. Each pullback stops shorter than the last while the highs stay level.
How do you confirm a ascending triangle?
Buyers paying up sooner every time is what eventually cracks the ceiling. Count the touches: two lows and two highs are the minimum for the lines to mean anything.
When does the ascending triangle fail?
The apex is a deadline. Price that reaches the point without breaking usually drifts out of the shape sideways, and the lines stop describing anything.
No chart pattern works every time. The examples on this page were chosen because they show the pattern clearly, and in real markets patterns fail often.
Practice on real charts
3 real examples of the ascending triangle, cut off where the pattern completed. Make your call, then see what happened.
The shaded area is a ascending triangle. Where did price go next?
