Ascending Triangle

The tell: Flat ceiling tested again and again while the lows keep rising into it.

What it looks like

A flat ceiling tested several times while the lows keep rising into it — price coils into the corner.

Why it works

A large seller sits at one price while buyers get more aggressive underneath. When that seller is done, there's nothing left above.

Entry

Break of the flat resistance with volume expanding.

Stop

Below the most recent higher low.

Target

Triangle height added to the breakout level.

How it fails

A hard rejection off the level that also breaks the rising trendline — the coil resolved down.

Reading it in a textbook is not the same as spotting it live. Drill the ascending triangle on charts generated fresh every time, or try today’s five.