Descending Triangle
How to trade descending triangle pattern?
The descending triangle is a bearish continuation pattern that often arises during a downtrend. Although descending triangles are frequently continuation patterns, they can sometimes show as reversal patterns at the end of an upswing. We will learn about descending triangle patterns in this chapter, as well as trading tactics that may help you gain tremendously from them.
Name: | Descending Triangle |
---|---|
Forecast: | Continuation Pattern |
Trend prior to the pattern: | Downtrend |
Opposite pattern: | Ascending Triangle |
Accuracy rate: | 68% |
Technical Analysis: Candlestick Trading For Beginners
This course will teach you how to utilize Japanese candlestick patterns to predict market turns.
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