Ascending Triangle

An ascending triangle has a flat top (horizontal resistance) and a rising bottom (each pullback finding support at a higher low). The shape reflects a tightening battle: sellers keep defending the same price ceiling, but buyers are willing to pay more on each pullback. The squeeze ends when one side breaks. In ascending triangles, the breakout usually happens to the upside. The reason it's bullish is the structure of the lows. Higher lows mean buyers are getting more aggressive each time. A flat top means sellers are stuck — they're not getting more aggressive, they're just defending an old level. When the buyers finally overwhelm the static seller wall, the breakout is sharp. Measured move: the height of the triangle at its widest point, projected up from the breakout. A 100-pip-tall triangle usually delivers a 100-pip rally after the break.