How to Trade a Descending Triangle Traders often initiate a short position following a high volume breakdown from lower trend line support in a descending triangle chart pattern. In general ...

The other two are the ascending channel and the horizontal channel (which is also called a trading range). A descending channel is a chart pattern that indicates a downward trend in prices.

Descending triangles are consolidation ... Monitoring volume is an important aspect of trading consolidation patterns. As the consolidation progresses, volume tends to decrease, indicating ...

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Terra’s LUNA token topped out at $22.40 on March 21. Thereafter, it started trading inside a descending channel pattern. The bears pulled the price below the channel line on April 18 but they ...

2. Descending Triangle A descending triangle is a bearish continuation pattern and one of three triangle patterns used in technical analysis. The trading setup is usually found in a downtrend ...

XRP risks a sharp correction in June after breaking down from a key pattern and entering the ‘Denial’ phase, with downside ...

Technical trading patterns come in all shapes and sizes ... The opposite of an ascending triangle, descending triangles are bearish. They have a relatively horizontal support line with a falling ...

A second variation is the descending flag pattern. This is a true pullback from the top of the flagpole. While the trading could create a 'W', that may not always be the case. The top and bottom ...