Descending Triangle
A pattern with a flat floor and falling highs, often read as sellers pressing until the floor gives way.
In plain English
A pattern with a flat floor and falling highs, often read as sellers pressing until the floor gives way.
A descending triangle forms when price keeps finding support at the same level while each bounce peaks lower than the last. Join them and you get a flat bottom and a sloping top.
The picture is of sellers leaning harder each time. Many traders watch for a breakdown below the floor. Patterns can fail, and a break above the falling line flips the story. Mirror image: ascending triangle.
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