Mohsen_Bakhtiary

Ascending triangle pattern

Edukacja
FX:EURUSD   Euro / Dolar USA
An ascending triangle occurs when the upper side of triangle is flat and price stuck in between the upper side and not breakout , it means the upper side works as a resistant for the price , as long as the pattern is valid
finally we draw the another side of the triangle with the upward trend and try to draw it carefully with the price levels right.
then in the pattern we draw , in the point that the lower side hits the horizontal side,we determine that point as end of the pattern , as you see , in the definition of ascending triangle we must consider the breakout occurs in the 2/3 or 3/4 of the pattern or something in between.
finally , in the chart you will see the nice and clean An ascending triangle pattern , which occurred in this sample , exactly in the 3/4 of 180 length of full pattern width which means the 135th candle.
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