Descending Triangle in a downtrend bearish

The defining characteristic of descending right angle triangles is the pattern of declining highs and a series of equal lows. This combination of points can be connected to form a right angle triangle. The hypotenuse should be sloping from higher to lower and left to right. An illusory double bottom invites one last batch of weak hands to buy just before a sharp break sgnals major selling. Sell when price breaks out and down.

Descending triangles are amongst the most reliable of all technical patterns because both supply and demand are easHy defined.

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