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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.
37, an area marked by the upper boundary of a descending triangle bearish reversal setup that has unfolded since August of last year.
S&P 500 Index (CIN:SPX) is caught in a descending triangle and below its 10-dma.
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.
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.
Nevertheless, a bigger concern right now is the large bearish descending triangle consolidation pattern that has formed throughout this year.
We now take a step back to reassess the overall trend: looking at weekly bars, we see that EURUSD is setting up a Descending Triangle, a bearish continuation pattern, broadly favoring a breakout below support marked by the double bottom near 1.
lt;span style="color: #0000ff;">An example of a descending triangle which is normally a bearish signal.
counterpart in what appears to be a descending triangle.