Bullish Ascending Triangle pattern

一昨日

🔎 Intro / Overview

• The Bullish Ascending Triangle is a continuation pattern that signals strength in an uptrend 📈.
  
• It forms as price creates Higher Highs and Higher Lows in sequence, compressing toward a breakout level.
  
• This structure shows buyers stepping in at higher levels while sellers gradually weaken, often leading to a bullish breakout.

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📌 How to Use

• Identify a prior uptrend → the base condition for Ascending Triangle.
  
• Price consolidates by forming Higher Lows and retesting the same resistance level.
  
• Validation → Mark the close of candle that break upper trend line
• Devalidation → Swing Low ( when any candle break the upper trend line).
  
• Entry → Confirmed only when price closes above the Validation level.
  
• Stop Loss → Swing Low (Candle break the upper trend line ).
  
• Target → Equal to the measured height of the triangle or 1R multiples.

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🎯 Trading Plan

• Entry → On breakout close above Validation level.
  
• Stop Loss → Swing Low (Candle break the upper trend line ).
  
• Target → Conservative 1R, Moderate 2R,
  
• Remaining lots → Trail using ATR, Fibonacci, or structural swing highs.

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📊 Chart Explanation

• Price starts in an uptrend.
  
• Forms a sequence of Higher Highs and Higher Lows.
  
• Resistance holds flat at the top, forming the Ascending Triangle shape 🔺.
  
• Breakout above the Higher High Validation line triggers entry ✅.
  
• Swing Low = Devalidation ⛔.
  
• Target 1 achieved 🎯, trailing used for further upside 🚀.

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👀 Observation

• Works best as a continuation pattern in established uptrends.
  
• A strong bullish breakout candle adds conviction.
  
• Sideways/choppy markets may cause false breakouts → validation rules filter them.
  
• Volume confirmation strengthens the setup.

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❗ Why It Matters?

• Represents buyer dominance with sellers weakening over time.
  
• Provides a clear breakout entry with strict SL and TP.
  
• Helps traders capture trending moves while minimizing false signals.
  
• Rule-based framework improves discipline and consistency.
  

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🎯 Conclusion

• The Bullish Ascending Triangle Pattern is a reliable continuation signal for trend traders.
  
• By combining Higher Highs, Higher Lows, and breakout confirmation, traders can enter with confidence, manage risk, and trail profits effectively.
  
• 🔥 Patterns don’t predict. Rules protect. 🚀

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⚠️ Disclaimer

📘 For educational purposes only.
🙅 Not SEBI registered.
❌ Not a buy/sell recommendation.
🧠 Purely a learning resource.
📊 Not Financial Advice.

6 時間前

ノート

On 11 September, 2025 (12:15) ⏰, the Entry was successfully validated ✅.
- 📌 Stop Loss (SL) → Swing Low = 54,400.00
- 🎯 Target 1 → 1x of Stop Loss distance = 55,022.20
The setup is now active with structured risk management.