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.
Full definition
Synonyms for individual words can be found below.
«descending»
«triangle»
Phrases with «descending triangle»
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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