Question Details

	Username: LuckyMan Rating: Asked to: Talitha Taslim Date Created: 17 Feb 2016
Category	17
Tag	Financial
Question	What is an ascending triangle?

Advice from Guru

Hello LuckyMan,

An ascending triangle is generally considered to be a continuation pattern, meaning that it is usually found amid a period of consolidation within an uptrend. Once the breakout occurs, buyers will aggressively send the price of the asset higher, usually on high volume. The most common price target is generally set to be equal to the entry price plus the vertical height of the triangle.

An ascending triangle is the bullish counterpart of a descending triangle.

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