What Does Ascending Triangle Stock Chart Pattern Mean?

Rising Wedge Stock Chart Pattern

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

Ascending Triangle stocks chart pattern shows that there is a resistance level that the buyers keep pushing each time moving the resistance level higher, and once it breaks out stock price will continue to move in an upward trend.

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

What Happens To Stock Price Action After Rising Wedge Stock Chart Pattern?

The stock market formed an ascending triangle stocks chart pattern during its upwards stock trend which led to upside continuation as illustrated on the stocks trading example above.

The buy stock signal is when stocks price breaks out above the upper ascending triangle pattern line and the stocks market continues moving upwards - upward stock market trend continuation.