Ascending Triangle Pattern

Learn to recognize and trade an ascending triangle pattern through interactive charts.

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What is an ascending triangle pattern?

An ascending triangle is a consolidation pattern in an uptrend. It points to accumulation as investors "buy the dip".

Interactive charts:

Download our free chart patterns PDF for a guide to 20 classical chart patterns with over 100 interactive charts, also on TradingView.com.

Ascending triangle duration

This pattern usually lasts between 1 and 3 months, but can unfold over longer periods of time.

Ascending triangle characteristics

An ascending triangle looks like a right-angle triangle.

  1. This pattern is a consolidation in an uptrend. Look for rising moving averages in the weeks and months preceding the pattern. However, the strength of the uptrend is less important than the soundness of the pattern itself.
  2. This pattern consists of a resistance line running through 2 or more recent highs, and of an upward-sloping trendline running through 2 or more higher lows.
  3. It's important that the lows through which the trendline runs rise over time, as this points to accumulation, with investors "buying the dip". The pattern won't be valid otherwise.

Trading volumes

Trading volumes usually fall as this pattern takes shape.

Ascending triangle trading tips

Look for a breakout above the resistance line running through recent highs. Some traders wait for a successful retest of that line before opening a long position. It's preferable, but not essential, that the breakout happens on higher volume.


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