Ascending Channel
Two parallel, rising trendlines containing price; breaks either way.
A rising channel is an orderly uptrend. A close above the upper line is an acceleration (breakout), a close below the lower line ends the channel (breakdown).
Channels are trends, not reversals; breakdowns from rising channels are the more common break.
How we define it
- Sloping lines: drawn through swing highs or lows with distinct touches (at least 3 candles apart) within about 0.4 ATR; no swing pokes through a line and no close is outside it before the break
- At least 3 distinct touches on each line; the lines stay parallel (height ratio 0.8-1.25) and rise clearly
- Both lines start the pattern and are tested in its last third; closes reach the top and bottom fifth at least twice each
- Minimum length: 2 months on 1D, 3 months on 1W, 10 days on 4H
- Breakout (up) / breakdown (down): the first candle close beyond the boundary by at least 3% on 1D and 1W (1.5% on 4H)
- Failed breaks: a breakout or breakdown that closes back inside the boundary within 6 candles on 4H, 5 on 1D or 3 on 1W is removed from the list
- Trend filter: breakouts only above the 200-period EMA (40-week EMA on 1W), breakdowns only below it
- Watchlist: the pattern is complete but unbroken and price is within 3% (or 1 ATR, at most 6%) of the boundary
No recent breakout or breakdown
No ascending channel has completed recently. See all patterns.
Nothing on the watchlist
No mature ascending channel is close to its breakout or breakdown level right now.