Triangle pattern stock charts4/8/2024 The Descending Triangle is viewed as being more bearish than the regular Triangle patterns. Also, the signal is considered to be stronger if prices have been in an uptrend prior to the Ascending Triangle and upside breakout. Ascending Triangle Potential Buy SignalĪs with the regular Triangle formation, the Ascending Triangle potentially gives a buy signal when the resistance line is penetrated to the upside. With an Ascending Triangle, higher lows are being made (typically a bullish sign) and sometimes higher highs are being made (also typically a bullish sign). ![]() Ascending TriangleĪn Ascending Triangle is viewed as being more bullish than the regular Triangle patterns. Please note, this is an example trade – not a recommendation.
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