Price Breakout after Ascending Triangle Pattern

Rising Wedge Pattern

The ascending triangle stock chart pattern in indices 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 setup.

Ascending Triangle chart pattern setup portrays that there's a resistance zone that the buyers keep pushing each time moving the resistance zone higher, & once it breaks-out price will continue to move in an upwards trend.

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 setup.

Price Breakout after Ascending Triangle Pattern

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

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