Continuation
Intermediate
73% reliable · Bulkowski
Ascending Triangle Pattern
Bullish continuation with a flat resistance line on top and a rising support line below. Price coils toward the resistance, building pressure for an upside breakout.
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What's in the Ascending Triangle lesson
- ▸Annotated chart with the Ascending Triangle highlighted across the context candles.
- ▸Numbered identification rules covering body, shadows, color and position in trend.
- ▸The psychology of the formation: why buyers or sellers create this exact shape.
- ▸Practical tip on what to wait for before treating the pattern as a tradeable signal.
- ▸Quiz questions with explained answers, including this exact pattern.
Quick answers
Is the Ascending Triangle pattern reliable?
The Ascending Triangle has a 73% reliability rate per Bulkowski's encyclopedia, a statistical baseline. Confirmation candles and volume strengthen the read. The Candle Trader app has the full formation rules and a quiz.
What timeframes does the Ascending Triangle work on?
Candlestick patterns work on any timeframe, from scalping (M1-M5) through day trading (M15-H1) to swing trading (H4-W1) and long-term investing. The shorter the timeframe, the more false signals. Always check higher timeframes for context.