Definitions for "Descending Triangle"
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.