A typical stop is below the:

Last higher low. A break of the last higher low fails it.

Ascending Triangle

Q: An ascending triangle has:

A flat top and rising lows. Horizontal resistance and higher lows.

Q: It most often breaks:

Upward. Usually upward, but not always.

A flat resistance with rising lows: buyers pressing against a ceiling.

An ascending triangle has a horizontal top and a rising lower trendline. It shows buyers getting more aggressive each pullback while sellers defend one price.

It most often breaks upward, especially in an uptrend, though not always. A close above the flat top with strong momentum is the signal.

The target is the height of the triangle at its widest point, projected from the breakout. A stop below the last higher low is typical.

Key takeaways

Flat top plus rising lows
Usually bullish, especially in an uptrend
Target = widest height

Quiz

An ascending triangle has: Answer: A flat top and rising lows. Horizontal resistance and higher lows.
It most often breaks: Answer: Upward. Usually upward, but not always.
A typical stop is below the: Answer: Last higher low. A break of the last higher low fails it.

Educational content, not financial advice.