Descending Triangle Pattern Tutorial :
Descending Triangle is a bearish pattern and sometimes it also act as bilateral pattern. (about bilateral pattern in the previous post : "tradingview.com/chart/BTCUSDT/vYen5wAu-Ascending-Triangle-as-Continuation-and-Bilateral-pattern/")
A Descending Triangle Pattern can be easily identified if you see a falling upper trendline along with a flat support. Also descending triangle have some shortcomings like it can occur false breakout and the price reverses same as Ascending Triangle. You need to see how strong the breakout was with the help of volume indicator at the time of breakout.
Descending Triangle is a bearish pattern and sometimes it also act as bilateral pattern. (about bilateral pattern in the previous post : "tradingview.com/chart/BTCUSDT/vYen5wAu-Ascending-Triangle-as-Continuation-and-Bilateral-pattern/")
A Descending Triangle Pattern can be easily identified if you see a falling upper trendline along with a flat support. Also descending triangle have some shortcomings like it can occur false breakout and the price reverses same as Ascending Triangle. You need to see how strong the breakout was with the help of volume indicator at the time of breakout.
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Example : Nota
Example : Descending Triangle as Belateral PatternNota
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Checkout Ascending Triangle;
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Example : BTCUSD Ascending Triangle as Bilateral Pattern;
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.