Definition of «descending triangle»

A descending triangle is a pattern in financial trading where the price of a stock or asset forms lower highs and equal or slightly lower lows, creating a triangle shape on a chart. This pattern suggests that the price is likely to continue to decline in the future.

Phrases with «descending triangle»

descending triangle pattern
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Sentences with «descending triangle»

It is forming a large bearish descending triangle pattern. (dailybitcoinnews.com)
With so many altcoin markets breaking above descending triangles and rallying to test the 0.236 % fibonacci retracement areas, many analysts are waiting for the markets to pull back and produce a higher low on larger time frame charts before proclaiming that the first altcoin season of 2018 is indeed kicking off. (cryptocoinreport.net)
NEO has formed a bearish descending triangle pattern, which will complete on a breakdown and close below $ 65. (kampungkripto.com)
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