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Descending Tops |
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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. Descending Tops In technical analysis, a chart pattern marked by a security price climbing, peaking, and dipping down repeatedly where each peak is lower than the last. For example, a stock price may climb to $35, drop to $25, climb back $32, and so forth. Descending tops is considered a bearish indicator.
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