{"id":2233,"date":"2013-02-28T15:15:39","date_gmt":"2013-02-28T15:15:39","guid":{"rendered":"http:\/\/blog.thehotpennystocks.com\/?p=2233"},"modified":"2013-04-09T11:36:47","modified_gmt":"2013-04-09T11:36:47","slug":"ascending-triangle","status":"publish","type":"post","link":"\/learn\/ascending-triangle\/","title":{"rendered":"Ascending Triangle"},"content":{"rendered":"

The\u00a0<\/span>Ascending Triangle Pattern<\/b>\u00a0is formed when a chart has higher and higher lows with a resistance level it cannot break through. This is commonly a battle being fought hard by the buyers of a stock. The stock\u2019s intraday highs are not increasing, but its average intraday price is.<\/span><\/p>\n

\"ascending<\/p>\n

With the above chart you can see the bullish nature of the\u00a0Ascending Triangle Pattern<\/b>. The chart clearly shows how the buyers are pushing the lows of the stock up higher and higher. Should the pattern continue the buyers will eventually have a face-off with the sellers at the resistance price. Most often the buyers win this battle and push the stock through its resistance level usually causing a nice run.<\/p>\n

\"ascending<\/p>\n

The above image shows an example of an\u00a0Ascending Triangle Pattern<\/b>\u00a0that resulted in the stock eventually breaking through resistance and having a nice bullish run.<\/p>\n

 <\/p>\n

Chart Patterns : Table of Contents<\/h3>\n
    \n
  1. What are Chart Patterns?<\/a><\/li>\n
  2. Symmetrical Triangle<\/a><\/li>\n
  3. Ascending Triangle<\/a><\/li>\n
  4. Descending Triangle<\/a><\/li>\n
  5. Double Top<\/a><\/li>\n
  6. Double Bottom<\/a><\/li>\n
  7. Head and Shoulders<\/a><\/li>\n
  8. Reverse Head and Shoulders<\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    The\u00a0Ascending Triangle Pattern\u00a0is formed when a chart has higher and higher lows with a resistance level it cannot break through. This is commonly a battle being fought hard by the buyers of a stock. The stock\u2019s intraday highs are not increasing, but its average intraday...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,2],"tags":[],"yoast_head":"\nAscending Triangle - The Hot Penny Stocks<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/learn-to-trade.thehotpennystocks.com\/learn\/ascending-triangle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ascending Triangle - The Hot Penny Stocks\" \/>\n<meta property=\"og:description\" content=\"The\u00a0Ascending Triangle Pattern\u00a0is formed when a chart has higher and higher lows with a resistance level it cannot break through. 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