I have been doing technical analysis for several years, and I want to share what really works in practice. This will be about triangle patterns on charts — one of the most reliable tools for predicting price movements.

I'll start with the descending triangle. This is a bearish pattern, easily recognized by a horizontal support line at the bottom and a gradually descending resistance line at the top. If you see such a pattern — it means sellers are in control, and the price is preparing for a breakdown downward. When I open a short position, I always wait for confirmation with volume after the support break. I place my stop-loss above the last resistance line. The main thing is not to get caught by false breakouts, especially when volume is low.

The opposite is the ascending triangle. This is a bullish pattern with a horizontal resistance line at the top and a rising support line at the bottom. It usually appears in the middle of an uptrend and signals increasing buying pressure. When the price breaks resistance with good volume, it’s a strong signal to go long. I close the position when the price reaches a new resistance zone or signs of a reversal appear.

Now, the symmetrical triangle is a neutral pattern that can develop either upward or downward. It forms during consolidation, with the peaks getting lower and the bases higher. This type of triangle pattern requires patience — you need to wait for a clear breakout with good volume before entering. If the breakout is upward — I open a long; if downward — I short. I place my stop-loss on the opposite side of the last support or resistance line.

There’s also the expanding triangle — a less common pattern that indicates increasing volatility. The support and resistance lines diverge further apart, signaling market instability. With this pattern, you need to be more cautious — only open positions after a clear breakout and with lower leverage.

Here’s what I consider key when working with triangle patterns. First, volume is king. An increase in volume after a breakout significantly increases the likelihood that the move will be strong. Second, I always look at the previous trend — ascending and descending triangles work best in their respective trends. Third, risk management — a stop-loss should always be in place; it protects against unexpected moves.

Currently, interesting movements can be observed in the SUI, BONK, and FLOKI markets — patterns are forming there periodically. If you start learning technical analysis, learn to recognize these patterns on charts — it will give you a serious advantage. Understanding how each triangle pattern works can significantly improve the accuracy of your entries and exits.