// TRADING TERMINOLOGY
What is Ascending Triangle?
A continuation pattern characterized by a horizontal resistance line and an ascending support line.
In-Depth Explanation
It shows that while sellers are holding a specific price, buyers are becoming more aggressive and pushing the lows higher. It usually breaks to the upside.
Practical Example
"Gold is consolidating in an ascending triangle on the 4H chart, suggesting a potential breakout."
Related Terms
Master the language of risk
Knowing the terms is just the start. Learning how to apply them is where the edge is found.
Join Drawdown Free