Descending triangle pattern is a type of chart pattern often used by technicians in price action trading. The descending triangle chart pattern forms at the end of a downtrend or after a correction to the downtrend. The descending triangle pattern is the opposite of the ascending triangle pattern.
The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns.
descending triangle is a bearish chart pattern that is used in a downtrend market & is formed by a series of lower highs and lower resistance.
descending triangle pattern the descending triangle pattern is a continuation chart pattern that develops in the middle of a downtrend. However, in some instances, this can play as a descending triangle reversal.
The descending triangle pattern is the opposite where prices bounce down from lower highs into the support level. This shows weakness as buyers as unwilling to maintain the price level resulting in a gradual downtrend. When then price level slips below the support line, it signals the start of the reversal downtrend.
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