Lessons › Chart patterns › Ascending triangle
World 3 · Chart patterns · lesson 6 · level 2
Ascending triangle
Sellers hold a flat ceiling while buyers keep stepping in higher, so something has to give.
What it is
A flat ceiling and rising floor squeeze together, then price breaks up.
Your task in the app
Where are the two lines? Then decide: buy, sell, or wait?
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 7 | 29% | 71% | 0% |
| United States | 8 | 38% | 50% | 12% |
| Japan | 4 | 50% | 50% | 0% |
| Crypto | 116 | 36% | 59% | 5% |
| Forex | 13 | 77% | 23% | 0% |
| Commodities | 3 | 0% | 100% | 0% |
Counted on real past charts by the Trading Class research engine, 151 cases in all. Past odds, not a forecast.
Read more on the Ascending triangle pattern page.
Goal of this lesson: Recognize an ascending triangle and the break that completes it.