A chart pattern containing a series of lows,
Each successively higher than the last,
A series of highs that are at approximately the same level.
It is considered a bullish formation when volume increases on the ascending legs.
When a breakout through the level of the highs, the pattern is completed.
For the ascending triangle, traders can measure the distance from the start of the pattern, at the lowest point of the rising trendline to the flat support line.
That same distance can be transposed, later on, starting from the breakout point and ending at the potential take profit level.