How to Trade Ascending Triangle 📊
An Ascending Triangle is a bullish continuation pattern formed by a flat resistance line and rising support. It shows buyers are gaining strength.
Steps to trade it:
1. Identify the flat resistance and rising trendline.
2. Wait for a breakout above resistance with strong volume.
3. Enter the trade after breakout confirmation.
4. Set stop-loss below the trendline.
5. Target price = breakout level + triangle height.
It works best in uptrends. Always manage risk!
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