Chart patternsIntermediate

Ascending triangle

A flat ceiling with rising lows underneath it.

What it means: Buyers keep stepping in higher while sellers hold one price.
What to watch: A break above the flat ceiling, ideally on higher volume.
How Compass Alpha uses it: Context only; not used in Compass scores.

More in Chart patterns

Accumulation base
Price moves sideways in a tight range for weeks while volume quietly builds.
Breakout
Price pushes through a level it failed to cross before (resistance).
Bull flag
A sharp rise (the pole), then a short, slightly downward drift (the flag) on lower volume.