DESCENDING TRIANGLE
A Descending Triangle is a very important chart pattern in Forex.
It's a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. You have to watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent.
It's a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. You have to watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent.
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