ascending triangle
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.
Every time when the market breaks out through a certain resistance or support level, there will be a pullback sooner or later. If the price returns to a few pips of the entry point and tests it, this is called a breakout test.
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.
Every time when the market breaks out through a certain resistance or support level, there will be a pullback sooner or later. If the price returns to a few pips of the entry point and tests it, this is called a breakout test.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.