What Does Ascending Triangle Commodities Pattern Mean?

Ascending Triangle Commodity Trading Chart Pattern

The ascending triangle commodity chart pattern in commodity is formed in a commodity upwards trend and it shows that the upwards direction of the market is going to continue - the ascending triangle is a continuation commodities trading chart pattern.

Ascending Triangle commodity pattern shows that there is a resistance level that the buyers keep pushing each time moving the resistance level higher, & once it breaks-out commodities trading price will continue to move in an upwards trend.

An upside penetration of the upper ascending commodity pattern line is a technical buy commodity signal for a market breaking out from an ascending triangle commodities trading pattern.

What Happens To Commodity Trading Price Action After Rising Wedge Ascending Triangle Commodities Trading Chart Pattern in Commodities?

The commodity market formed an ascending triangle commodity pattern during its upwards commodity trend which led to upside continuation as illustrated on the commodity example above.

The buy commodity signal is when commodities trading price breaks out above the upper ascending triangle pattern line and the commodity market continues moving upwards - upward commodity market commodity trend continuation.