The ascending triangle is a graphic pattern that normally forms during an uptrend as a continuation pattern of trend. There are some exceptions in which the ascending triangle represents a reversal pattern and is when an ascending triangle is formed at the end of a downtrend, but they follow a typical pattern of trend. The formation of ascending triangles indicate accumulation, a consolidation period before continuing the uptrend, shown in the decrease in volume that often accompanies the ascending triangle formation. This chart pattern is formed by a …
