📈 Chart Pattern #1: Ascending Triangle Pattern

🔍 What is it?

The Ascending Triangle is a bullish continuation pattern. That means it usually forms during an uptrend and signals that the price might break upward once the pattern completes.

It’s formed by:

A flat resistance line at the top (buyers pushing against the same level)

A rising support line at the bottom (higher lows showing buying pressure)

Visually, it looks like price is getting “squeezed” toward a breakout 🚀

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🧠 What Does It Tell Us?

👉 Buyers are getting stronger.

👉 Sellers are holding the line — but just barely.

👉 Eventually, price often breaks above the resistance level with volume.

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📊 How to Trade It

1. Identify the pattern: Flat top, rising bottom.

2. Wait for breakout above the resistance (with volume)

3. Enter after breakout or on retest

4. Set stop-loss just below the rising trendline

5. Target size = height of the triangle added to the breakout point

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✅ Example Setup:

Resistance: 1.500

Support rises from 1.200 to 1.400

Breakout at 1.500

Target = 1.800 (triangle height = 0.300)

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📌 Not every ascending triangle will break upward — always wait for confirmation and manage risk. 📉

Next up: Pattern #2: Descending Triangle 🔻

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