Ascending triangle ascending wedge5/2/2024 ![]() Whether you’re looking for an intraday or a swing trade based on a daily ascending triangle, the same principles apply. Whether you’re looking at a daily chart or an intraday chart, it’s still a bullish pattern. The best part? You can apply this pattern - like other patterns in the stock market - to different time frames. These are the two main ways to describe whether a stock is going up or down.īullish means the stock price looks like it should move higher - that’s what the ascending triangle pattern indicates. I’m sure you’ve heard of ‘bulls’ and ‘bears’ in the stock market. The ascending triangle pattern is considered a bullish pattern.
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