An ascending triangle pattern is a bullish continuation chart pattern formed when price faces a horizontal resistance level at the top while creating higher lows with an upward-sloping trendline at the bottom, showing that buyers are gradually gaining strength; this consolidation usually ends with a breakout above resistance, often confirmed by higher trading volume, and traders typically set a target by projecting the triangle’s height upward from the breakout point while placing stop-losses below the rising support line.

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