I've noticed that many beginners in trading often overlook the power of simple chart patterns. Especially interesting is the ascending triangle—trading this pattern is one of the most reliable signals if you know what to look for.

I'm sharing my observations of four key triangles that I constantly see on charts. Each of them tells a different story about where the price might go.

Let's start with the descending triangle. This is a bearish pattern where horizontal support at the bottom meets a descending resistance line at the top. If you see such a picture, it means sellers are gradually gaining the upper hand. When the price breaks below the support with good volume, a significant decline usually begins. The main thing is to avoid false breakouts, especially on low volumes. I set my stop-loss above the last resistance line for protection.

And here is the ascending triangle—this is a completely different story. Horizontal resistance line at the top, ascending support at the bottom. You can see how buyers are gradually increasing pressure, each time raising the bottom higher. Trading this ascending triangle often yields good profits if you enter on the resistance breakout. The key condition is that volume should increase during the breakout; otherwise, it could be a false signal. I close my position at new resistance levels or when signs of reversal appear.

The symmetrical triangle is, honestly, a neutral pattern. Both lines converge toward the center, and the price consolidates between them. It can break either upward or downward, depending on whether the bulls or bears are stronger. I wait for a clear breakout with volume, then open a position in the direction of the movement. Entering before the breakout is risky; the market could remain sideways for a long time.

There's another pattern that is often confused with the others—the expanding triangle. Here, the lines diverge outward. This signals increasing volatility and instability. Such patterns often appear in volatile markets or before important news. Trading them requires caution because the movements are unpredictable.

The general rules that help me: always wait for volume confirmation, always look at the overall trend before opening a position, and never forget about the stop-loss. Volume is king. If a breakout occurs on low volume, it’s often a false signal. The ascending triangle works best in an uptrend, and the descending one in a downtrend.

Right now, I see interesting movements on the SUI, BONK, FLOKI charts. If you look closely, you can notice the formation of such patterns. This is a good moment to apply this knowledge in practice. Understanding these patterns really improves entry accuracy and helps better manage risks. The main thing is not to rush, wait for confirmation, and always have an exit plan.