How Do You Interpret Rising Triangle Pattern?

How to Analyze Rising Triangle Chart Setup

Rising Triangle Setup

The ascending triangle chart pattern forms during an upward trend & this ascending triangle chart pattern signals that the upward trend direction is going to continue - the ascending triangle chart pattern is a continuation pattern.

Rising triangle setup highlights that there is a price resistance level that the buyers keep pushing - every time moving this price resistance level higher, and once this price resistance level breaks - the price will continue moving in an upward trend.

How Do You Interpret Rising Triangle Chart Pattern?

Rising triangle chart pattern overhead resistance temporarily prevents the price from advancing & moving higher, while the ascending trend line beneath the ascending triangle chart pattern signals that bulls are still present.

An upside price penetration of the upper ascending triangle chart pattern line is interpreted as buy signal -price out from an ascending triangle setup.

Rising Triangle chart pattern is found within an upward trend - ascending triangle chart pattern forms as a consolidation period within the upward trend & this continuation chart pattern signals an upside trend continuation will follow.

How Do You Interpret Rising Triangle Chart Setup

The price formed an ascending triangle setup during its upward trend move and this ascending triangle chart pattern led to an upside continuation of the price as shown on the above example after a price breakout upward. The buy signal is generated when the price moves above the upper sloping ascending triangle pattern line after which the price continues moving upwards - upwards trend continuation.

Read Rising Triangle Chart Setup