Apple (AAPL) has formed an ascending triangle pattern on a 30 min time frame. The pattern is a bearish pattern and if the price breaks towards the downside.

Thanks @stockarchitect Ascending Triangle An ascending triangle is a bullish chart pattern used in technical analysis that is easily recognizable by the right triangle created by two trend lines. In an ascending triangle one trend line is drawn horizontally at a level that has historically prevented the price from heading higher while the second trend line connects a series of increasing troughs. Traders enter into long positions when the price breaks out from the horizontal trend line…

The Ascending Triangle is a variation of the Symmetrical Triangle. The difference is that the Ascending Triangle has a flat line on top . How to trade with ascending triangle.

The Ascending Triangle is a variation of the Symmetrical Triangle. The difference is that the Ascending Triangle has a flat line on top . How to trade with ascending triangle.