descending tops

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.

descending tops

click for a larger image
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.
Mentioned in ?
References in periodicals archive ?
Murray's market position is that he thinks the market has stalled and is in the process of forming a sharper downtrend channel connecting the descending tops since the end of June.