A descending triangle is a common bearish continuation pattern, indicating that the downtrend may continue to decline. What are the characteristics of this pattern? The price repeatedly creates lower highs (reflecting selling pressure) while continuously testing a horizontal support line. Each rebound is pushed to a lower level, but the support remains stable. The angle between the trendlines narrows increasingly, often leading to a downward breakout. Once the support is broken, it usually signals that sellers remain dominant, and there may be further downside potential. This pattern is most clearly signals when it appears during a reversal from a high level or in a downtrend.
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AirdropSweaterFan
· 4h ago
Talking about technical patterns again, is the descending triangle really that effective? I find the charts getting more and more chaotic.
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LiquidationSurvivor
· 22h ago
It's another descending triangle. This broken pattern always makes my blood pressure soar. The support line breaks at the slightest touch, it's really annoying.
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AirdropHunterWang
· 22h ago
The descending triangle is back again, always the same trick. Each high point is lower than the last, the support is holding on stubbornly, but in the end, it still crashes downward.
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SandwichTrader
· 22h ago
Another descending triangle, always saying it will break out... Do I really feel like the support line is more reliable than my friend? Can I really trust it?
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PumpBeforeRug
· 22h ago
It's another descending triangle. Every time, they say it will break out, but it just keeps pulling back. Retail investors fear this the most.
A descending triangle is a common bearish continuation pattern, indicating that the downtrend may continue to decline. What are the characteristics of this pattern? The price repeatedly creates lower highs (reflecting selling pressure) while continuously testing a horizontal support line. Each rebound is pushed to a lower level, but the support remains stable. The angle between the trendlines narrows increasingly, often leading to a downward breakout. Once the support is broken, it usually signals that sellers remain dominant, and there may be further downside potential. This pattern is most clearly signals when it appears during a reversal from a high level or in a downtrend.