IF THIS HAPPENS - THEN WHAT?
This is a bullish chart pattern but price could have a bearish breakout.
Entry on 15m charts with break-hook-go Bullish breakout- buy stop and TP as shown Bearish breakout of lower trendline TP ! and TP 2 as shown
@JonathanMcBrine, Bar or candle - If you are using the high of the wick either are the same so either will work the same. Chart patterns and candle patterns I use to let me know "If this happens - what then". I always determine both directions for the market to go at chart/candle patterns so I know the "what then" and I am prepared for it. My entries are based on an alert to let me see what is happening before I enter.
@kingslayerxxx, The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.
Ascending Triangle (Continuation) - StockCharts.com
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