How Do I Trade Rising Triangle Chart Pattern? - Rising Wedge Rising Triangle Chart Pattern

How to Trade the Rising Triangle Pattern - Ascending Triangle Pattern

Ascending Triangle Pattern - Rising Wedge Chart Pattern

The ascending triangle chart pattern in forex 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 chart pattern.

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

Ascending Triangle pattern highlights that there's a resistance area that the buyers keep pushing each time moving the resistance area higher, & once it breaks-out forex price will continue heading in an upwards trend.

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

An up side penetration of upper ascending pattern line is a technical buy signal for a market breaking out from an ascending triangle pattern.

Ascending Triangle forex pattern is found within a Forex upward trend, the ascending triangle chart pattern forms as a consolidation period within the upward trend and indicates upside trend continuation will follow.

How Do I Trade Rising Triangle Chart Pattern? - Analysis of Rising Wedge Rising Triangle Chart Patterns?

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