descending triangle

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

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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.
References in periodicals archive ?
The potential bearish descending triangle was voided this week, leaving the advantage to the bulls.
Thread-sewn muslin with cut fringe lining the seams; body of shirt painted with a thick, burnt orange outline having a white scalloped edged, and thin, blue border; chest and back are painted similarly, each with a descending triangle; blue five-pointed stars, crescent moons, and lightning bolts; length 32 in.
Six week ago the ADI broke down from a large multi-month bearish descending triangle consolidation pattern that had developed for much of this year.
"Since the second quarter of this year, the PSEI formed a descending triangle with its support at 5,880.
A Bearish Descending Triangle is a continuation pattern that typically appears after a decline in price.
We noted in our weekly technical outlook report that EURUSD was stalling at resistance near 1.37, an area marked by the upper boundary of a descending triangle bearish reversal setup that has unfolded since August of last year.
The last big positive may be the proximity of the large descending triangle referenced in several prior notes.
Last week's decline triggered a breakdown of a large multi-month bearish descending triangle as the index fell below the prior 2017 low of 4,355.26 and closed below it on a weekly basis.
A Bearish Descending Triangle is a <strong>bearish continuation pattern </strong>that typically appears after a decline in price.
EUR/USD Strategy: Pending Short Last week we noted that EURUSD is setting up a Descending Triangle, a bearish continuation pattern.
On a 1-year chart there is a potential large-scale descending triangle pattern that is concerning.
Nevertheless, a bigger concern right now is the large bearish descending triangle consolidation pattern that has formed throughout this year.