An **ascending triangle breakout** is a bullish chart pattern where the price forms a series of higher lows while facing a horizontal resistance at the top, indicating increasing buying pressure. This shows that buyers are gradually gaining strength as they push the price higher with each dip, even though sellers are holding a fixed resistance level. When the price finally breaks above this resistance with strong volume, it confirms the breakout and often leads to a sharp upward move, as trapped sellers exit and new buyers enter the market.