Definitions for "Ascending triangle"
A bullish chart pattern (consolidation/continuation pattern) containing a series of lows, each successively higher than the last, and a series of highs that are approximately the same level. This indicates that each time bears try to force the market lower they are less successful, while bulls continue to maintain a stance at the highs. A breakout through the flat resistance line (neckline) drawn off the highs is completes the pattern. Targets are derived by measuring the base of the triangle and projecting that distance from the breakout point.
A triangle with a horizontal resistance forming the upper boundary, which, if volume is correct (falling throughout the pattern) and if breakout is correct (not to close to the apex) can portend a rally.
A chart pattern containing a series of lows, each successively higher than the last, and a series of highs that are at approximately the same level. It is considered a bullish formation when volume increases on the ascending legs. When a breakout through the level of the highs is made, the pattern is completed.