No, ascending triangles are inherently bullish chart patterns that suggest a potential continuation of an uptrend. For bearish scenarios, traders should instead look for a descending triangle to ...

Ascending triangles can also form at the reversal of a downtrend but are more commonly viewed as a bullish continuation pattern. The Limitations of a Descending Triangle Since no chart pattern is ...

Traditional technical analysis recognizes at least five different types of triangular chart patterns, with the ascending, symmetrical and descending triangle types predominating in the frequency ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Chart patterns are an integral aspect of technical analysis ... Also, wedges differ from pennants because a wedge is always ascending or descending, while a pennant is always horizontal. The ascending ...

Chart expert Gianni Di Poce wants traders ... to wait for a pickup in volume for further confirmation, he said. Ascending/descending price channels. "We have to think of markets as cyclical ...

Market analysts rely on many technical indicators to anticipate future trends, one of which is the very-popular ascending triangle chart pattern. As the name indicates, an ascending triangle on a ...