I've been studying some patterns that every trader should master better. The ascending triangle is really interesting because it acts as a reliable price reversal indicator when you know what to look for.



The important detail is that the trend support is formed through successive highs, creating a zone where the price tends to consolidate. People often enter too early and end up catching false breakouts, so the real secret is to wait for a new test of that breakout level for confirmation.

Now, there's another concept that goes along with this: the imbalance candle. Basically, it's when you see a price action completely dominated by sellers or buyers. This candle creates a very visible gap with the previous ones, and here’s the interesting part – the market usually fills this gap afterward because the price always seeks to maintain balance.

So, when you combine the ascending triangle with this imbalance dynamic, you can set up much more solid trades. The key is patience and confirming the moves before entering. Anyone wanting to learn more about these formations can keep an eye on Gate’s charts; there’s plenty of liquidity to test these strategies.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin