📐 What You're Looking At — A Pure Price Structure Study
No direction. No forecast. No bias. Just the chart telling its own story.
🔺 Symmetrical Triangle Pattern
A Symmetrical Triangle is a chart pattern formed when price makes a series of lower highs and higher lows, converging toward a central apex point. The two trendlines — one descending from the highs and one ascending from the lows
Key characteristics:
-Price is in a state of compression — buyers and sellers are in equilibrium
-Volume typically contracts as the pattern develops, reflecting indecision
-The pattern represents a pause within a trend or at a turning point
🟠 Orange Zone — Supply Zone (Monthly Timeframe)
The orange zone marked at the top of this chart is a Supply Zone — a price area where historically, significant selling activity has occurred.
A Supply Zone is defined as a region where price previously moved away sharply to the downside, suggesting that institutional or large-volume sellers were active at those levels. When price revisits such a zone, the same selling pressure may re-emerge
📅 Why Monthly Timeframe Matters in Swing & Position Trading
The Monthly timeframe is the domain of the position trader — someone who holds trades for weeks, months, or even years.
🕯️ White Line — Counter Trendline | Green Line — Primary Trendline
🕯️ Pink Lines — Mother Candle & Daughter Pink Lines — Inside Bar Setup
The pink lines on this chart mark the High and Low of the Mother Candle in an Inside Bar (IB) setup.
What is an Inside Bar?
An Inside Bar is a candlestick pattern where the current candle (called the Inside Bar or daughter candle) is completely contained within the range of the previous candle (called the Mother Candle).
⚠️ DISCLAIMER
This post is strictly for educational and informational purposes only. Nothing in this post constitutes financial advice, investment advice, trading advice, or any other form of advice. All content shared here is based purely on technical chart analysis and historical price structure
No direction. No forecast. No bias. Just the chart telling its own story.
🔺 Symmetrical Triangle Pattern
A Symmetrical Triangle is a chart pattern formed when price makes a series of lower highs and higher lows, converging toward a central apex point. The two trendlines — one descending from the highs and one ascending from the lows
Key characteristics:
-Price is in a state of compression — buyers and sellers are in equilibrium
-Volume typically contracts as the pattern develops, reflecting indecision
-The pattern represents a pause within a trend or at a turning point
🟠 Orange Zone — Supply Zone (Monthly Timeframe)
The orange zone marked at the top of this chart is a Supply Zone — a price area where historically, significant selling activity has occurred.
A Supply Zone is defined as a region where price previously moved away sharply to the downside, suggesting that institutional or large-volume sellers were active at those levels. When price revisits such a zone, the same selling pressure may re-emerge
📅 Why Monthly Timeframe Matters in Swing & Position Trading
The Monthly timeframe is the domain of the position trader — someone who holds trades for weeks, months, or even years.
- Noise elimination
- Major trend identification
- High-probability levels
- Decision-making clarity
🕯️ White Line — Counter Trendline | Green Line — Primary Trendline
- The white counter trendline connects the descending series of lower highs, acting as the upper boundary of the symmetrical triangle. It represents the zone where selling pressure has consistently capped price.
- The green primary trendline connects the ascending series of higher lows, acting as the lower boundary. It represents the zone where buying interest has consistently supported price.
🕯️ Pink Lines — Mother Candle & Daughter Pink Lines — Inside Bar Setup
The pink lines on this chart mark the High and Low of the Mother Candle in an Inside Bar (IB) setup.
What is an Inside Bar?
An Inside Bar is a candlestick pattern where the current candle (called the Inside Bar or daughter candle) is completely contained within the range of the previous candle (called the Mother Candle).
- Mother Candle: The larger candle whose high and low entirely engulfs the next candle(s). Marked here with the pink lines at its high and low.
[*]Daughter/Inside Bar Candle: The smaller candle(s) that fit within the mother candle's range — marked here with the lighter/daughter pink lines.
⚠️ DISCLAIMER
This post is strictly for educational and informational purposes only. Nothing in this post constitutes financial advice, investment advice, trading advice, or any other form of advice. All content shared here is based purely on technical chart analysis and historical price structure
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🏆 MY TELEGRAM : t.me/hashtaghammer
🏆 MY BOOK ( TRADING IS AN EMOTION ) : tinyurl.com/TradingISanEMOTION
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🏆 WHATSAPP ME : wa.me/919455664601
🏆 MY TELEGRAM : t.me/hashtaghammer
🏆 MY BOOK ( TRADING IS AN EMOTION ) : tinyurl.com/TradingISanEMOTION
🏆 MY TELEGRAM : t.me/hashtaghammer
🏆 MY BOOK ( TRADING IS AN EMOTION ) : tinyurl.com/TradingISanEMOTION
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.