Multi-Pattern Mastery: Descending Triangle Meets Broadening Form

This chart demonstrates the power of multi-pattern recognition in technical study,showcasing how a descending triangle (white lines) can coexist with a broadening formation pattern (red ascending line with shared lower base). The descending triangle shows consistent lower highs against a stable support level, while the broadening pattern reveals expanding volatility through higher highs and the same lower boundary.

Patterns to Study :

Descending Triangles: Characterized by horizontal support and declining resistance, typically indicating bearish pressure building

Broadening Formations: Feature diverging trendlines creating a "megaphone" effect, signaling increased market volatility and indecision

Pattern Confluence: When multiple patterns share common elements (like the lower support base here), it creates stronger technical significance and potential reference points

Disclaimer: This content is for educational purposes only and does not constitute investment advice. Always conduct your own research before making any trading decisions.