Ascending Triangle Pattern
Original schematic showing the guide's principal visual relationships.
Pattern anatomy
Flat resistance combined with rising lows, showing buyers accepting progressively higher prices.
Horizontal upper boundary + rising lower boundary; confirmation is a close above resistance.
How it works
Identify the prior trend first, mark repeated swing highs and lows, then draw only the support, resistance, or neckline justified by those pivots. A pattern remains provisional until price closes beyond its confirmation boundary; visual resemblance alone is not enough.
How to read it
Rising lows compress price against a fixed supply area. The widest part of the triangle provides a traditional measured objective.
Confirmation checklist
Confirm a clear impulse before the consolidation, controlled price compression during formation, and a close beyond the continuation boundary. Volume often contracts during the pause and expands on breakout.
Limitations and false signals
The pattern can break downward, especially when it forms after an extended decline. Direction must follow the actual breakout.