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Descending Triangle

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Descending Triangle
In technical analysis, a series of high and low prices for a security that, when plotted on a chart, looks vaguely like a triangle pointed to the right. A descending triangle indicates that both the highs and the low are lowering. It is a bearish signal. See also: Triangle, Ascending Triangle.

descending triangle
In technical analysis, a triangle-shaped chart formation indicating a downward price for a stock and characterized by a nearly vertical left side, nearly horizontal bottom, and downward sloping third side that dips to the right. A descending triangle is a bearish indicator in which a sell signal is confirmed if the price breaks through the bottom side. Compare ascending triangle.
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descending triangle


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gif" alt="" /> A Bearish Descending Triangle is a <strong>bearish continuation pattern </strong>that typically appears after a decline in price.
When lower tops are made in an uptrend and next price is dropping back to horizontal support levels, a descending triangle will be created.
37, an area marked by the upper boundary of a descending triangle bearish reversal setup that has unfolded since August of last year.
 
 
 
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