📈📊 #ChartPattern Alert! 📈📊 📈 Ascending Triangle 📈 📈 What is an Ascending Triangle? The Ascending Triangle is a bullish chart pattern formed by a horizontal resistance line and an ascending trendline. The horizontal line connects the swing highs, while the ascending trendline joins the higher lows, creating a triangle shape. 📈 How to Identify: Draw a horizontal line connecting at least two swing highs. Draw an ascending trendline connecting at least two higher lows. Observe the price squeezing into the triangle as it approaches the apex. 📈 What it Signals: The Ascending Triangle suggests a potential bullish continuation, indicating that the buyers are becoming more aggressive and pushing the price higher. Traders often anticipate a breakout above the horizontal resistance line. 📈 Trade Strategy: Wait for a confirmed breakout above the horizontal resistance. Set a target based on the pattern's height added to the breakout point. Implement a stop-loss to manage risk in case of a false breakout. Remember to conduct your analysis and use other technical indicators to increase the probability of successful trades. Happy charting and trading! 🚀💹