Stocks with Descending Triangle Pattern
↓ BearishThe Descending Triangle is a bearish continuation pattern with a flat lower support line and a descending upper resistance line. It shows that sellers are becoming more aggressive while buyers defend a specific price level, which eventually breaks.
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Frequently Asked Questions
What does a Descending Triangle indicate?
It typically indicates bearish sentiment. The falling highs show increasing selling pressure, while the flat support shows buyers at a fixed level. A breakdown below support is the expected outcome.