Descending Triangle Pattern
The descending triangle is a bearish pattern that is characterized by a descending upper trendline and a flat lower trendline that acts as support.
This pattern indicates that sellers are more aggressive than buyers as the price continues to make lower highs. The pattern completes itself when the price breaks out of the triangle in the direction of the overall trend.
The descending triangle is a bearish pattern that is characterized by a descending upper trendline and a flat lower trendline that acts as support.
This pattern indicates that sellers are more aggressive than buyers as the price continues to make lower highs. The pattern completes itself when the price breaks out of the triangle in the direction of the overall trend.