Technical Analysis of Rising Wedge Ascending Triangle Chart Setups

How to Analyze Ascending Triangle Chart Setups

Rising Wedge Chart Setup

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

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

Rising Triangle stock chart setup displays that there is a resistance area that the buyers keep pushing each time moving the resistance area higher, and once it breaks out stock price will continue to move in an upward trend.

Overhead resistance temporarily prevents the market stock price from advancing higher, while the rising trend line beneath the rising wedge stock chart pattern signals that buyers are still present.

An upside penetration of the upper ascending pattern line is a technical buy signal for a market breaking out from an ascending triangle stock indices pattern.

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

Technical Analysis of Rising Wedge Ascending Triangle Patterns?

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