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the ascending triangle or the rising triangle pattern consists of a flat resistance line that connects the highs of the pattern and has an ascending trend line that connects various higher lows which shows that the demand is rising and the buyers are slowly pushing the price up strengthening the bullish bias the ascending trend line and the resistance line meets at a point called apex the pattern is valid only if the price tests the resistance level at least twice and the support level at least thrice if the market is in an uptrend before the ascending triangle pattern appears this indicates a bullish continuation when the price breaks above the resistance it indicates that the upside momentum will probably continue enter a long position following a high volume breakout above the breakout candle or after a pullback to the resistance after breakout the stop loss can be placed below the recent swing low to set the target measure the distance from the lowest point of the ascending triangl
