{"id":4033,"date":"2020-04-09T17:16:01","date_gmt":"2020-04-09T17:16:01","guid":{"rendered":"https:\/\/trade-malaysia-option.com\/ascending-triangle-pattern-how-to-spot-breakouts\/"},"modified":"2023-02-08T19:02:27","modified_gmt":"2023-02-08T19:02:27","slug":"ascending-triangle-pattern-how-to-spot-breakouts","status":"publish","type":"post","link":"https:\/\/trade-malaysia-option.com\/en\/ascending-triangle-pattern-how-to-spot-breakouts\/","title":{"rendered":"Ascending Triangle Pattern \u2013 How to Spot Breakouts"},"content":{"rendered":"

In this guide, you will learn how to place trades using the ascending triangle pattern.\u00a0This is a diversionary trading strategy that has the advantage of spotting pimples first.\u00a0All you have to do is learn the right trading techniques and you will be able to recognize the real time anatomy of trading pimples.<\/span><\/p>\n

The cool thing about this chart pattern is that it can be used on a 5-minute chart, a 1-hour chart or any time frame of our choice.\u00a0It doesn’t matter what your trading style is, whether it’s creeping, operating daytrading, or swing trading.\u00a0This is the theory behind the supply-demand imbalance that makes price chart patterns work.<\/span><\/p>\n

Let’s build into it!<\/span><\/p>\n

Let’s understand how it forms and how we can establish an ascending triangle formation.<\/span><\/p>\n

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Ascending Triangle Pattern<\/span><\/strong><\/h2>\n

The ascending triangle formation is a continuation pattern and as the name suggests it has a triangular shape.\u00a0An ascending triangle is also known as a bullish triangle because it leads to a bullish breakout.<\/span><\/p>\n

A triangle graphic pattern is usually considered a bullish pattern.<\/span><\/p>\n

Note *: on the other hand, an ascending triangle is a descending triangle, also known as a descending triangle.<\/span><\/p>\n

How does an ascending triangle look like:<\/span><\/p>\n

The first element of this price pattern is an upward slope followed by a flat top.<\/span><\/p>\n

This shows that the market has tried several times to break the resistance position but could not.\u00a0Therefore, we have developed a resistance line.<\/span><\/p>\n

The second element of the ascending triangle is the slanting or increasing trendline moving upwards.\u00a0This is what makes the price rise pattern.<\/span><\/p>\n

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See the chart below:<\/span><\/p>\n

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Remember that all continuation patterns such as bullish flags, rectangle patterns and many more that you can find through our Trading Strategy Trader website, need to have a trend context.<\/span><\/p>\n

In the case of an ascending bullish triangle, we need to have a previous uptrend to support the breakout.\u00a0The easiest way to remember is:<\/span><\/p>\n