{"id":204,"date":"2023-08-24T14:15:13","date_gmt":"2023-08-24T14:15:13","guid":{"rendered":"https:\/\/finance.canvaaslabs.com\/?p=204"},"modified":"2023-08-24T14:17:23","modified_gmt":"2023-08-24T14:17:23","slug":"ascending-triangle-pattern","status":"publish","type":"post","link":"https:\/\/finance.aipropixel.com\/index.php\/2023\/08\/24\/ascending-triangle-pattern\/","title":{"rendered":"Ascending Triangle Pattern"},"content":{"rendered":"<p><span style=\"color: #000000;\">An ascending triangle is a\u00a0chart\u00a0pattern created with a horizontal line and a rising trendine combined together to create a triangle. These are also called continuation pattern as generally the price will typically breakout in the same direction as the trend it was in before the triangle formation.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Identification:<\/strong> An ascending triangle is a pattern created by a horizontal line along the swing highs and a rising trendline along the swing lows.<br \/>\n<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Occurrence:<\/strong> This triangle occurs if the trendline runs along at least two swings lows and the horizontal line along two highs.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Study:<\/strong> The price will breakout preferably in the same direction as that of the trend before the pattern occurrence. However, a breakout in any direction is noteworthy. A stop loss is typically placed just outside the pattern on the opposite side from the breakout with a profit target being calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to\/from the breakout point.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An ascending triangle is a\u00a0chart\u00a0pattern created with a horizontal line and a rising trendine combined&#8230;<\/p>\n","protected":false},"author":1,"featured_media":206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chart-analysis"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/posts\/204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/comments?post=204"}],"version-history":[{"count":0,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/posts\/204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/media\/206"}],"wp:attachment":[{"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/media?parent=204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/categories?post=204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/tags?post=204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}