Ascending Triangle: The Hidden Edge Traders Won't Tell You

Ascending triangles aren’t magic—they’re just price squeezing into a pattern that usually explodes in one direction. Here’s the actual play:

The Setup:

• Horizontal resistance (swing highs stay flat)
• Rising support line (swing lows keep going up)
• Converging = squeeze = breakout incoming

How to Trade It: Wait for the break. If price punches through the top → buy. If it dumps through the bottom → short. That’s it. The trick? Volume matters. A breakout on weak volume = false breakout = pain.

Your Blueprint:

• Entry: Right at breakout (confirmed by volume spike)
• Stop loss: Just past the opposite trendline
• Profit target: Add the triangle’s height to your breakout point

The Real Talk: Ascending triangles tend to break upward (continuation pattern), but don’t assume. Sometimes they fake you out. More trendline touches = more reliable breakout when it finally happens.

TL;DR: Ascending triangle = compression before explosion. Watch volume on the break. Position size accordingly.