ascending triangle

ascending triangle definition - finance
A price-chart pattern that indicates that a market is consolidating and is about to break out to either the upside or downside. Ascending triangles are identified by charting the closing prices of a stock, futures contract or other financial instrument in a technique called technical analysis.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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