Ascending Triangle
Definition
Flat resistance on top, rising support below — buyers press higher into a ceiling.
Psychology
Buyers get a little stronger each time while the top stays fixed. Eventually they may break through.
Real-life analogy
💡 Buyers keep pushing the price against a ceiling, and each dip is shallower — pressure building under a lid.
Expected direction
up
Entry / Stop / Target
Entry: On a confirmed close above the flat resistance (ideally with volume). · Stop: Below the most recent higher low. · Target: Height of the triangle projected up from the breakout.
Historical behaviour
More reliable as a continuation within an existing uptrend.
Illustrative success rate
~60-70% breakout in trend direction · High reliability
Common beginner mistakes
- • Entering before the breakout
- • Ignoring volume confirmation
Quick quiz — did you understand?
1. Is the Ascending Triangle generally considered bullish, bearish, or neutral?
2. After a confirmed Ascending Triangle, the expected direction is usually:
3. Which is a common beginner mistake with the Ascending Triangle?
Educational and probability-based analysis only. This is not financial advice and not a prediction of real market outcomes.