What Is a Descending Triangle? A descending triangle is a chart pattern used in technical analysis created by drawing one trend line connecting a series of lower highs and a second horizontal ...

Nevertheless, each is a consolidation pattern. The expanding triangle ... line and the rising trendline at the top of the triangle (blue arrow), can be used as a guide. Those two lines cross ...

Triangle patterns can be bullish, bearish or inconclusive. The defining aspect of an ascending triangle is higher lows. A descending triangle is indicated by lower highs. A neutral, also called ...

Market analysts rely on many technical indicators to anticipate future trends, one of which is the very-popular ascending triangle chart pattern. As the name indicates, an ascending triangle on a ...

That has resulted in a so-called descending triangle pattern, comprising a downward sloping trendline, representing lower highs and a flat trendline, representing a solid support level.