Technical Analysis Descending Triangle

Descending Triangle is a Bearish continuation Pattern. Hence the assumption is there already exists a Down Trend. Descending Triangle Pattern can be explained as follows.

Descending Triangle is a variation of Symmetric Triangle Pattern. The difference between Descending Triangle & Symmetric Triangle is that the lower trend line is flat & upper trend line is falling. This means the Sellers are more aggressive than Buyers. This is a Bearish Pattern & ultimately it results in Downside breakout & Down Trend continues.



Other Continuation Patterns


Technical Analysis Symmetrical Triangle

Technical Analysis Ascending Triangle

Technical Analysis Flags & Pennants Pattern

Technical Analysis Rectangle Formation