How Do You Trade Ascending Triangle Chart Pattern?

How to Trade the Ascending Triangle Pattern

Rising Wedge Pattern

The ascending triangle chart pattern in gold trading is formed in a upward trend & it shows that upwards direction of the market is going to continue - the ascending triangle is a continuation chart pattern.

The ascending triangle pattern is also known as a rising wedge pattern.

Ascending Triangle pattern highlights that there's a resistance area that the buyers keep pushing every time moving the resistance area higher, & once it breaks-out price will continue heading in an upwards trend.

The overhead resistance temporarily stops the price from advancing higher, while the rising trend line beneath the rising wedge chart pattern signals that buyers are still present.

An up-side penetration of the upper ascending pattern line is a technical buy signal for a market breaking out from an ascending triangle chart pattern.

Ascending Triangle pattern is found within a Trading upward trend, the ascending triangle chart pattern forms as a consolidation period within the upward trend and indicates upside trend continuation will follow.

Trade Ascending Triangle Pattern?

The market formed an ascending triangle pattern during its upwards trend which led to upside continuation as shown on the example above. The buy signal is when price clears the upper sloping ascending triangle pattern line and the market continues moving up-wards - up-ward trend continuation.