An ascending triangle is a technical analysis chart pattern that typically indicates a bullish trend. It is formed by a horizontal upper trendline and an upward-sloping lower trendline. The pattern suggests that buyers are becoming more aggressive, pushing prices higher while sellers maintain a consistent resistance level. Traders often look for a breakout above the upper trendline as a signal to enter a long position. This breakout can lead to increased buying pressure and potentially higher prices. The pattern is commonly used in the analysis of stocks, commodities, and other financial instruments, making it a popular tool among technical analysts.