A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower.
KEY TAKEAWAYS
1. A descending triangle is a signal for traders to take a short position to accelerate a breakdown.
2. A descending triangle is detectable by drawing trend lines for the highs and lows on a chart.
3. A descending triangle is the counterpart of an ascending triangle, which is another trend line-based chart pattern used by technical analysts.
KEY TAKEAWAYS
1. A descending triangle is a signal for traders to take a short position to accelerate a breakdown.
2. A descending triangle is detectable by drawing trend lines for the highs and lows on a chart.
3. A descending triangle is the counterpart of an ascending triangle, which is another trend line-based chart pattern used by technical analysts.
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.