Trade ascending triangle in the direction of the existing price trend so that it increase your odds of making money. There are likely 2 resistance bounce back before a breakout happened.
In theory, technical traders are taught to short at resistance and many will place their stop loss at the yellow highlighted area. Smart monies know this and they make sure that price zoom through all the stop loss and created demands which cause the price to goes higher with volume as shortist need to cover back their shorts or suffer greater losses.
Conclusion
One key point to note is that the ascending triangle breakout can be in any direction, although most of the time it is in the direction of the existing trend.
Singapore
Chart
Pattern
Analysis