Descending triangle
Descending Triangle" - a pattern of continuation of the downward trend. It is formed between the horizontal support level and the descending resistance line. After the price closes below the support level, sales are recommended, the target of working out is the value of the pattern base (H) in points.
With a descending triangle, one side of the pattern is formed by horizontal support, the other by falling highs. The descending triangle is the exact opposite of the ascending one. With this figure, traders are looking for entry points after the breakdown of support or a rollback to it.
