Chart Pattern Mastery: Ascending & Descending Triangles + Market Swings
Hey traders! π Today we're going to explore two powerful chart patterns: Ascending Triangle and Descending Triangle, along with the rhythm of Swing Highs & Lows. Let's dive in! π
Ascending Triangle: Quiet Before the Boom
Here's what you need to know:
- β Higher Lows
- β Breakout with volume
- β Retest of broken resistance turning into support
Smart money loads up before breakout. Let them show their hand β then ride the wave! π
Descending Triangle: Breakdown or Trap?
Here, the market prints lower highs while holding a horizontal support. It looks bearish β but sometimes itβs too obvious. Smart money knows that.
The Play:
Descending Channel Pattern |
- β Wait for the fakeout (liquidity sweep)
- β Look for signs of a structure reclaim
- β Thatβs when the trap becomes your setup
Swing Highs & Lows: Where Structure is Born
The market doesnβt move in straight lines. It swings: Low β High β Higher Low β Higher High Or High β Low β Lower High β Lower Low
- β Each Swing High is a potential resistance.
- β Each Swing Low is hidden demand.
- β Mark them. Respect them. Trade around them.
This is why we wait for confirmations and market structure shifts before entering! Let's keep learning and growing together β price action never lies! π―
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Like & share if you found this helpful! Let's grow together! To the moon πβ¨