The descending triangle is a bearish formation that usually forms during downward movements as a continuation chart pattern trend. There are rare cases in which triangles can be seen down at the end of an uptrend as a reversal pattern, but always descending triangle is indicative of downward forecast. The bottom line is composed of two or more minimum practically equal. Two or more peaks that are becoming less form the top down line converges with the bottom horizontal line. The top line act as the hypotenuse of the triangle. Let every …
