What Does Ascending Triangle Chart Pattern Mean? - What Happens After Rising Wedge Ascending Triangle Chart Pattern?

Ascending Triangle Chart Pattern - Rising Wedge Chart Pattern

The ascending triangle chart pattern in forex 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.

Ascending Triangle chart pattern shows that there is a resistance level that the buyers keep pushing each time moving the resistance level higher, and once it breaks-out forex price will continue moving in an upwards trend.

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

What Happens to Forex Price Action After Rising Wedge Ascending Triangle Chart Pattern? - Forex Price Breakout after Ascending Triangle Pattern

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

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