Identify the ascending triangle: First, ensure that you have correctly identified the ascending triangle pattern on the forex chart. Confirm the presence of a flat top resistance line and an ...

Understand the key differences between the symmetrical triangle and pennant patterns, including how they differ in formation, duration and breakout timing.

Benzinga explains how stock chart patterns work and how to utilize them while reviewing some of the most telling patterns in the marketplace. My Account Benzinga Edge ...

One variation is the flat top breakout pattern. ... of the bull flag pattern is the bull pennant. ... what looks like a triangle with the top line descending and the bottom line ascending.

Volatility compresses further as gold trades inside day as it again tests recent support. This follows nine days of narrow range sideways consolidation. Once again, it looks like gold could close ...

A measured move, which calculates the distance in points of the impulsive move higher that preceded the pennant and adds that amount to the pattern’s top trendline, forecasts a price target of $615.

Gold begins to advance off the lower border of a bullish consolidation pennant. Following a test of support at the lower border line earlier in the session, gold reversed higher to rise to a four ...

A chart pattern is a shape within a price chart that helps to suggest what prices might do next, based on what they have done in the past. Chart patterns are the basis of technical analysis and ...

A double bottom typically takes two to three months to form, and the farther apart the two bottoms, the more likely the pattern will be successful. 2. Ascending Triangle ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Alistair Berg / Getty Images A triangle chart pattern is a tool used in ...