The Ascending Triangle Pattern The Ascending Triangle is a variation of the symmetrical triangle. Ascending triangles are generally considered bullish and are most reliable when found in an up-trend. The top part of the triangle appears flat, while the bottom part of the triangle has an upward slant. Hear is a Typical Ascending Triangle Pattern In ascending triangles, the stock becomes overbought and prices are turned back. Buying then re-enters the market and prices soon reach their old highs, where they are once again turned back. Buying then resurfaces, although at a higher level than before. Prices eventually break through the old highs and are propelled even higher as new buying comes in. As in the case of the symmetrical triangle, the breakout is generally accompanied by a marked increase in volume. Few Stock Chart Patterns 1. Cup & Handle 2. Flat Base 3. Ascending Triangle 4. Parabolic Curve 5. Wedge Formation 6. Channel Formation 7. Symmetrical Triangle 8. Descending Triangle 9. Flags & Pennants 10. Head & Shoulders 11. Inverted Head & Shoulders

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