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.
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.
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.