Watch out IF the opposite is trueWhat Does the Ascending Triangle Tell You?
An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is significant if it occurs within an uptrend or downtrend.1 Once the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price broke out.
Image by Julie Bang © Investopedia 2019
Increasing volume helps to confirm the breakout, as it shows rising interest as the price moves out of the pattern.
PLS chart, page-20711
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Last
$3.02 |
Change
-0.040(1.31%) |
Mkt cap ! $9.090B | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.11 | $3.02 | $55.82M | 18.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 424619 | $3.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.03 | 17344 | 2 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |