Technical Analysis of Rising Wedge Ascending Triangle Chart Patterns

How to Analyze Ascending Triangle Chart Patterns

Rising Wedge Stock Indices Chart Pattern

The ascending triangle stock chart pattern in indices trading is formed in a upward trend & it shows that the upwards direction of the market is going to continue - the ascending triangle is a continuation stock indices trading pattern.

The ascending triangle stock indices chart pattern is also known as a rising wedge stock indices trading chart pattern.

Ascending Triangle stock indices chart pattern shows that there is a resistance level that the buyers keep pushing each time moving the resistance level higher, and once it breaks out stock indices trading price will continue to move in an upwards trend.

Overhead resistance temporarily prevents the stock indices trading market stock indices trading price from advancing higher, while the rising indices trend line beneath the rising wedge stock indices chart pattern signals that buyers are still present.

An up-side penetration of the upper ascending indices pattern line is a technical buy stock indices signal for a market breaking out from an ascending triangle stock indices trading pattern.

Ascending Triangle stock indices chart pattern is found within a Indices Trading upward trend, the ascending triangle stock indices chart pattern forms as a consolidation period within the upward trend & indicates upside indices trend continuation will follow.

Technical Analysis of Rising Wedge Ascending Triangle Patterns?

The stock indices market formed an ascending triangle stock indices pattern during its upwards indices trend which led to upside continuation as illustrated on the stock indices trading example above. The buy stock indices signal is when stock indices trading price clears the upper sloping ascending triangle pattern line and the stock indices trading market continues moving upwards - upward indices trend continuation.