Ascending Triangle

The Ascending Triangle Formation or pattern is formed when the price range between high and low prices narrows, thus creating a triangular shape. Its patented horizontal trendline linking the highs at almost the same level as well as an ascending trendline connecting higher and higher lows are the distinct characteristics of this pattern.

How Ascending Triangle Formation works

The ascending triangle yields a signal to traders to opt for a ‘buy’ when the price goes beyond the resistance line that is usually somewhere between halfway and three-quarters of the way through the pattern.

Formula:

The Ascending Triangle pattern, the price is expected to go high to its target level, calculated using this formula

T = R + H

Where:

T – target price

R – resistance (horizontal line);

H – pattern’s height (distance between and resistance lines at the pattern’s origin).

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from Umarkets.com or Market Solutions limited." Cookies notification: “We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Continue
×

Help with deposit?