Ascending triangle patterns are bullish, meaning that they indicate that a security's price is likely to climb higher as the pattern completes itself. This pattern is created with two trendlines.
It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.