No, ascending triangles are inherently bullish chart patterns that suggest a potential continuation of an uptrend. For bearish scenarios, traders should instead look for a descending triangle to ...

Super Micro Computer stock price continued its recovery and hit the crucial resistance at $60, its highest level since ...

An ascending triangle pattern generally occurs on an uptrend, thereby enduring the price movement in the same direction. Generally, a reverse pattern is considered a trend continuation pattern.

Gold consolidates at the edge of the ascending triangle, preparing for its next move, while silver remains bullish above $37 ...

Below is a technical analysis of the chart. Naked Brand Daily Chart Analysis Naked Brand looks to be nearing resistance in what technical traders may call an ascending triangle pattern.

As bullish chart patterns go, the ascending triangle is a good one. Unlike the downward wedge, where a stock that’s trending down is hypothetically approaching a breakout, an ascending triangle ...

Gold approaches the final support of the ascending triangle, awaiting a breakout decision, while silver corrects toward the ...

Ford shares jumped Tuesday after the automaker reported a big jump in U.S. sales and an increase in market share in the ...

Forex Training Class. We will diagram the Forex Chart Pattern, the Ascending Triangle Pattern and the Descending Triangle Pattern, as they are found often in the Forex Market. We will go over a real ...

To do this, calculate the pattern’s widest distance in points and add that figure to the triangle’s top trendline. For instance, we add $29 to $129, which projects a price target of $158.

One is Ethereum’s triangle formation between March 2020 and April 2020, which led to a trend reversal to the upside, as shown below. ETH/USD daily price chart featuring ascending triangle reversal.