Once you learn to observe its key characteristics closely, you will see that the ascending triangle differs significantly from other classic chart patterns like the pennant and flag patterns.

From classic patterns like head and shoulders to more complex formations such as flags and pennants ... when a large bearish candle engulfs a small bullish candle. Triangle patterns are bilateral ...

In the study of technical analysis, triangles ... of as a bearish signal. As you can see in the above image, the descending triangle pattern is the upside-down image of the ascending triangle ...

You may wish to go short during a bearish ... pattern or a triangle pattern – explained in the next sections – it is important to note that wedges are narrower than pennants or triangles. Also, wedges ...

The ascending triangle structure shows signs of exhaustion. A $0.25 breakout invalidates the bearish scenario ... forming a W–X–Y pattern and hitting a low of $0.20 on Feb. 2.

This chart's pattern alone indicates that the share price will continue to stabilise before being compelled to decline or rise. A new bearish ... The ascending triangle is a bullish continuation ...

The resistance of the bear flag pattern lies around $2,356 ... the gold market is now forming an ascending triangle, indicating a potential continuation of the upward momentum.

Ascending triangle pattern breakout target illustration. Conversely, the profit target in a bear trend is obtained by measuring the distance between the triangle's upper and lower trendline.