Ascending Triangle
Definition
A bullish continuation chart pattern characterized by a flat upper resistance line and a rising lower support line. The pattern resolves with a breakout above the flat resistance, signaling continuation.
Example
A stock testing $50 resistance three times while making higher lows forms an ascending triangle — a breakout above $50 confirms bullish continuation.
Related Terms
Frequently Asked Question
What is an Ascending Triangle?
An ascending triangle has a flat resistance and rising support. Buyers are becoming more aggressive (higher lows) while sellers defend the resistance. Breakout above resistance is the bullish entry signal.
APA Citation
Last updated:
· Source: VixShield Trading Glossary — From SPX Mastery by Russell Clark
⚠️ Not financial advice. This definition is educational content from the SPX Mastery book series by Russell Clark (VixShield). Past performance is not indicative of future results. Trading options involves substantial risk of loss and is not appropriate for all investors. Always paper trade before risking real capital.