descending tops

Descending Tops

A pattern in charts where each peak in price is lower then the previous peak in price. The pattern signals a bearish trend in the security.





The above is an example of descending tops.

Notes:

If the current peak in the price is higher then the previous peak in a descending top environment, the trend is broken and this is a bullish signal.

See also: Ascending Tops, Pattern, Technical Analysis, Trend

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Descending tops

A chart pattern which in which each successive peak in a security's price is lower than the preceding peak over a period of time. Antithesis of ascending tops.

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descending tops In technical analysis, a chart pattern indicating the up and down movement of a security's price and characterized by progressively lower highs on each upturn. This pattern is considered bearish. Compare ascending tops.

descending tops