Ascending Triangle Setup
Flat resistance at the top, rising lows below — a coil where buyers are willing to pay higher prices each test while sellers defend a fixed line. Resolves with a breakout above the flat top on volume.
Setup Criteria
- › Multiple touches of a flat horizontal resistance
- › At least 2 ascending lows showing rising demand
- › Pattern duration 4–12 weeks typically
- › Volume contracts during pattern, surges on breakout
Entry
Breakout above the flat top resistance on volume.
Stop Loss
Below the most recent rising low.
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Pattern Info
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Difficulty
Beginner
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