Indices Price Breakout after Ascending Triangle Pattern

Rising Wedge Stock Indices Chart Pattern

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

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 chart pattern.

Indices Price Breakout after Ascending Triangle Pattern

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 price breaks out above the upper ascending triangle pattern line and the stock indices trading market continues moving upwards - upward stock indices market indices trend continuation.