Ascending Triangle

The Ascending Triangle is a chart pattern used by analysts. You know those heart beat monitor lines you see on commercials for heart attack meds sometimes, where the line jumps up with every beat? This chart does that with stock prices. When a bull market pushes a stock price up at least four times followed by decreases, the chart shows lines moving up and down, like a triangle. The name comes simply from the what the chart measures, and what it looks like. Simple enough, right?