how do you trade the ascending triangle chart pattern 
traders generally enter a position on a security when its price breaks above or below the boundaries of an ascending triangle if the price jumps above the horizontal resistance level it may be a good time to buy while a move below the lower trendline suggests that selling or shorting the asset could be a profitable move traders often protect their positions by placing a stop loss outside the opposite side of the pattern to determine a profit target it can be useful to start at the breakout point and then add or subtract the height of the triangle at its thickest point the bottom linean ascending triangle is a technical analysis chart pattern that occurs when the price of an asset fluctuates between a horizontal upper trendline and an upward sloping lower trendline since the price has a tendency to break out in the same direction as the trend in place before the formation of the triangle ascending triangles are often called continuation patterns traders often wait for the price to break above or below the pattern before entering a position the ascending triangle pattern is particularly useful for traders because it suggests a clear entry point profit target and stop loss level 