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  • user warning: Table './mysmp_drupal/cache_filter' is marked as crashed and should be repaired query: UPDATE cache_filter SET data = '<h2>Descending Triangle Definition</h2><p>A <strong>descending triangle</strong> is a bearish <a title=\"chart pattern\" href=\"/technical-analysis/chart-patterns\">chart pattern</a>. They can take place in both bull and bear markets, but often times they are a continuation pattern of an existing downtrend.</p><h2>Technical Setup</h2><ul><li>Two <a title=\"Swing Lows\" href=\"/technical-analysis/swing-low.html\">swing lows</a> which are close in terms of price</li><li>Two <a title=\"Swing Highs\" href=\"/technical-analysis/swing-high.html\">swing highs</a> where each high is lower in terms of price</li><li>Volume drops off during the formation of the descending triangle</li></ul><h2>Descending Triangle Price Target</h2><p>To calculate the price target for a breakout of a descending triangle chart pattern, you take the difference of the highest and lowest price points in the formation, and you add this to the breakdown level.</p><h2>Descending Triangle Charting Example</h2><p>Notice how the price began to congest prior to the breakdown.</p><p><span class=\"inline inline-none\"><img src=\"http://www.mysmp.com/sites/default/files/images/descending-triangle.png\" alt=\"Descending Triangle\" title=\"Descending Triangle\" class=\"image image-_original \" width=\"449\" height=\"513\" /><span class=\"caption\" style=\"width: 447px;\"><strong>Descending Triangle</strong></span></span></p><br /><div class=\"image-clear\"></div>', created = 1563215783, expire = 1563302183, headers = '', serialized = 0 WHERE cid = '1:7c711663253ea0c011494e742b6de75a' in /var/www/html/mysmp/includes/cache.inc on line 109.
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Descending Triangle - Bearish Continuation Pattern

Descending Triangle Definition

A descending triangle is a bearish chart pattern. They can take place in both bull and bear markets, but often times they are a continuation pattern of an existing downtrend.

Technical Setup

  • Two swing lows which are close in terms of price
  • Two swing highs where each high is lower in terms of price
  • Volume drops off during the formation of the descending triangle

Descending Triangle Price Target

To calculate the price target for a breakout of a descending triangle chart pattern, you take the difference of the highest and lowest price points in the formation, and you add this to the breakdown level.

Descending Triangle Charting Example

Notice how the price began to congest prior to the breakdown.

Descending TriangleDescending Triangle


Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

Tradingsim.com
Day Trading Simulator

Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

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