Metaglossary.com - Definitions for "{term}"

Keywords: trendline, bearish, triangle, converge, horizontal

With descending triangles, trend lines converge with a horizontal trend line...

A triangle with a horizontal support as the lower boundary, suggesting that a breakout downside is impending.

The converse or opposite of an Ascending Triangle. A continuation pattern with bearish implications. Volume is normally higher at the lows and decreases as the upper, downsloping trendline is approached. A break below the lower horizontal line of the pattern, on increased volume, completes the pattern and reaffirms the downtrend in progress.

forbes.com

A pattern of corrective trading that develops between two converging lines where the support line is horizontal and the resistance line is declining. This pattern is generally described as a continuation pattern but can also be a reversal pattern.

fx-strategy.com

A common reversal pattern that forms from a descending upper trendline and a horizontal bottom support line.

www1.trenchrat.com:81

A variation of the symmetrical triangle where the resistance line is descending while the support line is horizontal. A break under the support area is viewed as bearish.

candlecharts.com

A sideways price pattern between two converging trendlines in which the upper trendline is descending while the lower line is flat. This is generally a bearish pattern.

chartnexus.com

The descending triangle chart pattern is also referred to as a "right-angle" triangle. The descending triangle shows two converging trendlines. The bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower. (See more information about the Descending Triangle Pattern).

recognia.com

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