Ascending trendline is a kind of bullish pattern which is developed due to connection of two or more lows. In which each successive low is higher than the previous low. This type of trend develops an upward moving sloping trend line.
An ascending triangle showed inside a chart pattern must be identified as having a bullish position as this position otakes places due to price lows and price highs. If a line is drawn below and above of this pattern then the above line will look like a straight line. On the other hand bottom line will slope in the upwards direction at an angle.
Trading analysts consider ascending triangles as a reliable measure especially during an uptrend. They also believe that investors must place an order at this position just above the upper resistance. However, investors must sell their investments when these kinds 0f patterns proved to be false in the above-mentioned pattern.