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Some website and books refer ascending triangle to bullish pattern and descending triangle to bearish pattern. The following description is posted on a website:
  1. Ascending Triangle – Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
  2. Descending Triangle – Regardless of where they form, descending triangles are bearish patterns that indicate distribution.
However, I have encountered these triangles may possess double meaning for KLSE stocks. Attached are the success and fail examples for these triangles:

Ascending triangle with bullish pattern.
Ascending triangle with bearish pattern. It does break the resistance but continue to short afterwards.
Descending triangle with bearish pattern.
Descending triangle with bullish pattern.

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