What Happens after a Ascending Triangle Chart Pattern? - Bullish Ascending Triangle Chart Pattern

An Ascending triangle pattern is a bullish continuation chart pattern - This is a market trading signal that shows the current market trend is taking a pause before resuming the current upward direction of the market currency pair.

If the Ascending triangle upwards continuation pattern forms it signals that the market is taking a break before resuming the current upwards trend. The Ascending triangle continuation pattern in a upward trend is known as a rising wedge which signals that the price is consolidation but keeps moving higher & higher forming a chart pattern that resembles a rising wedge. Traders should wait for a confirmation of this Ascending triangle pattern before opening a trade based on this bullish continuation pattern. Once there is a forex price breakout to the upside then the Ascending triangle continuation pattern is confirmed & prices will then continue to move in direction of the current upwards forex market trend.