what is an ascending triangle 
an ascending triangle is a chart pattern used in technical analysis it is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows the two lines form a triangle traders often watch for breakouts from triangle patterns the breakout can occur to the upside or downside ascending triangles are often called continuation patterns since price will typically break out in the same direction as the trend that was in place just prior to the triangle forming 1an ascending triangle is tradable in that it provides a clear entry point profit target and stop loss level it may be contrasted with a descending triangle 