The Ascending and Descending Triangle Chart Patterns come under the category of reversal patterns. When these patterns are formed, you can expect the market to breakout from the pattern and post a reversal. This reversal can be either a change of trend or simply a retracement to the prevailing trend. The ascending and descending triangles, as the name suggests are bullish and bearish. There doesn’t have to be a strong trend for these patterns to occur and in most cases, you can often find these patterns emerging during sideways markets. In this article, we explore the details of the ascending and descending triangle patterns and how you can trade these reversal chart patterns effectively.

More info: Triangle Chart Pattern Analysis