A triangle chart pattern used in technical analysis, where the top level continues to decrease over time, but the bottom stays relatively flat as a support level. When the security's price breaks through the support level, it is an indicator that it is a good time to sell or take a short position, because the security is likely to continue to decrease. opposite of ascending triangle.
Related information about descending triangle:
- Descending Triangle (Continuation) - ChartSchool - StockCharts.com
The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles ...
- Descending Triangle Definition | Investopedia
A bearish chart pattern used in technical analysis that is created by drawing one trendline that connects a series of lower highs and a second trendline that has ...
- Bulkowski's Descending Triangles
Click descending triangle to read about the Elliott wave version. Important Results. Identification Guidelines. Trading Tips. Example. Other Examples. See Also ...
- Trading Stocks Education - Chart Patterns: Descending Triangle
Descending Triangle is a decline to a new low on news followed by a kick back rally to an intermediate resistance level, a second decline to test the recent low ...
- Chart Examples of Descending Triangle Patterns
This descending triangle is an interesting one. First of all, it's in the very beginning of a downtrend. Second, it's preceded by three other bearish signals; ...
- Descending Triangle - TheStockBandit.com
Descending Triangle and descending triangle patterns, downtrend stock continuation pattern.
- Descending Triangle Chart Pattern
With descending triangles, trend lines converge with a horizontal trend line...
- Descending Triangle
Reverse all that we wrote about the Ascending Triangle Pattern and you have the Descending Triangle Pattern. This means, that the Descending Triangle ...