What Is a Descending Triangle? A descending triangle is a chart pattern used in technical analysis created by drawing one trend line connecting a series of lower highs and a second horizontal ...

Traditional technical analysis recognizes at least five different types of triangular chart patterns, with the ascending, symmetrical and descending triangle types predominating in the frequency ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Alistair Berg / Getty Images A triangle chart pattern is a tool used in ...

7) In all the examples above ... But when it's possible to spot a descending triangle chart pattern, we should consider selling even if the price action is unpredictable during the horizontal ...

The above chart is an example of a bullish continuation ... because a wedge is always ascending or descending, while a pennant is always horizontal. The ascending triangle is a bullish continuation ...

These graphs may have the answer. The descending triangle pattern is usually considered a bearish continuation pattern with the price breakdown from its horizontal support level. The pattern gets ...