descending triangles
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 increasingly dominating the market. This pattern 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 possible downward movement. The descending triangle can be used in conjunction with other indicators, such as volume or moving averages, to enhance trading decisions and risk management strategies.