Descending Triangle
A Descending Triangle is a technical analysis pattern often seen in financial markets. It is characterized by a series of lower highs and a horizontal support line, indicating that sellers are becoming more aggressive while buyers are losing strength. This pattern typically suggests a potential bearish trend, as the price may break below the support level.
Traders often look for a breakout below the support line to confirm the pattern and signal a selling opportunity. The Descending Triangle can be found in various markets, including stocks, commodities, and cryptocurrencies, making it a versatile tool for market analysis.