TA Education 12|Candlestick Cluster Patterns: Is NVIDIA Coiling for a Breakout?
@Tiger_Academy:
Welcome to our Technical Indicators Education Series. Today’s topic: K-Line (Candlesticks) Part 3 — Candlestick Cluster Patterns for Opportunity.1. Triangle Patterns: New Direction After Volatility ContractionTriangle patterns are defined by volatility contraction. Following a sharp move, the price swings become progressively tighter, coiling like a spring before releasing energy in a decisive new direction.A. Ascending Triangle (Bullish Bias)The Structure:Top: A horizontal Resistance line (Sellers defend a fixed price).Bottom: An upward sloping Support line (Buyers create Higher Lows).Market Logic: Despite selling pressure at the top, strong market optimism drives aggressive dip-buying. Buyers are willing to pay higher prices on every pullback, refusing to let the price retest previous lo