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Descending Triangle Pattern
Descending Triangle Pattern: Descending triangles have a falling upper
trendline as a result of distribution and are always considered bearish signals.
Target:-Most traders look to initiate a short position following
a high volume breakdown from lower trend line support in a descending triangle
chart pattern. In general, the price target for the chart pattern is equal to the
entry price minus the vertical height between the two
trend lines at the time of the breakdown.
CMP 406
T1/2/3 340/280/210
SL-425
Breakout AT 395 Below
trendline as a result of distribution and are always considered bearish signals.
Target:-Most traders look to initiate a short position following
a high volume breakdown from lower trend line support in a descending triangle
chart pattern. In general, the price target for the chart pattern is equal to the
entry price minus the vertical height between the two
trend lines at the time of the breakdown.
CMP 406
T1/2/3 340/280/210
SL-425
Breakout AT 395 Below
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