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 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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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.