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Technical Analysis Challenge: Introduction to Chart Types
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[Trade Structure 1] Teaches you to understand the "expanding triangle"! The Hang Seng Index has just hit a key position.

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Sherry111 joined discussion · Jun 2 17:57
🤓 Have you ever thought about why technical analysis is useful?(Of course, you may also think it is useless; this is written for those who believe in technical analysis.)
Clearly, it's just a few Candlesticks and a few segments, yet some people rely on it for a living, while others say it is meaningless.
📝 In fact.the answer.It's very simple:
Human nature remains unchanged, and the technical structure is meaningful.The market is essentially a collection of human emotions.
Moreover, human nature is such that, PatternAs long as you can understand these.emotional trajectories, the structure becomes meaningful!
From today, there will beSuccessivelyan analysis of some common Candlestick patterns,
let's try to interpret together"the patterns"the background."human nature"
Since we mentioned it in the previous few episodes, "Expanding Triangle"
let's start from it today and discuss the essence of this structure, common misconceptions, and how to apply it in live trading.
🫶 This compilation took a lot of time and effort. If you feel it has been beneficial, feel free to like, share, and comment in support. You can also follow me for more ongoing updates and practical technical breakdowns.
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What is the expanding triangle structure?
A spreading triangle = higher highs and lower lows, the market seems to be "amplifying emotions."
🔍 Let's use the example we discussed.Image.Point out:
Still a group of people are present,Tug of Warit's just that everyone ispulling harder and harder., it's currently difficult to determine a winner.
Both bulls and bears are getting fiercer in their battle, causing market fluctuations.The amplitude is becoming increasingly larger.
‼️ Why is this structure super critical?
✔ It often sweeps the stop losses, trapping those who chase rising and falling prices.
✔ Emotion has become extreme, and the trend is getting more and more "crazy".
✔ Once completed, it oftendirectly erupts into a one-sided trend.
👀Looking back at my live trading operations:
In my previous two columns, I have shared —
I.TwicePrecise profit takingAt the upper edge of the expanding triangle, that feels really great.
Unsupported feature. Please use the mobile app.
And today, the Hang Seng Index just hitThe lower edge of the expanding triangle
This is aStructural Resistance, which usually attracts some bulls to attempt to enter the market.
Those who love to ask questions 🙋🏻‍♀️ may ask: Why are there bulls?
Because there is a period ofstrong uptrend
We have previously mentioned —trends do notEasy.Reversal.
So during the pullback process,bulls willcontinuously search.OpportunityGet back on the car.
However, it is essential toRemindereveryone's:
Reaching the lower edge does not necessarily mean a rebound.
Because trading is never reliant on"prayer"
But rely onPlan + Confirm + Execute
[Trade Structure 1] Teaches you to understand the "expanding triangle"! The Hang Seng Index has just hit a key position.
So.Step oneWe need to have.Mental expectations
Here.Possible.It will pull back, but it's not time yet.Do not rush to enter the market.
The second step is to look at smaller time frames.For example,the 5-minute chart.
Have you noticed?
At this position,a double bottom structure has appeared (the blue W I drew
Step three:When a double bottom breaks through the neckline (the yellow line I drew)This is when your entry signal occurs.
At this moment,Structure established, signal confirmed, plan in place, only then is it worth taking action.
The same is true for $S&P 500 Index (.SPX.US)$ So, why was there a big reversal after the sharp drop on Friday? Do you understand it now?
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📊 Have you ever used a diffusion triangle structure for trading? Feel free to leave a comment to Share!
🔔 If you like this kind of structure teaching + live trading illustration + trading mindsetcontent,
Remember to like, save, and leave a tip.Also welcome to leave a message or follow me. Continue to hold on for my updates!
🖌️ More exciting content recommendations (Click the title to read
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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Sherry111
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蜗居在新加坡的日内交易者 大部分持仓睡之前会平仓, 喜欢抱着现金睡觉💤 胜人者有力,自胜者强
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