An Ascending Triangle is a technical analysis chart pattern that typically indicates a bullish trend. It is formed by a horizontal resistance line at the top and an upward-sloping support line at the bottom. This pattern suggests that buyers are becoming more aggressive, pushing prices higher while sellers maintain a consistent price level. Traders often look for a breakout above the resistance line to confirm a potential upward price movement. The Ascending Triangle is commonly used in conjunction with other indicators to enhance trading strategies and manage risk effectively.