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descending triangle

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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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S&P 500 Index (CIN:SPX) is caught in a descending triangle and below its 10-dma.
Adam Oliensis Profiles the Following Issue: S&P 500 Index by Business Wire
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