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General TradingD
Descending Triangle
A Descending Triangle is a bearish chart pattern characterized by a flat horizontal support line and a downward-sloping resistance line formed by lower highs. It typically signals continuation of a downtrend, with a breakdown expected when price falls below the horizontal support level.
Example
“The descending triangle formed over several weeks on the 4-hour chart, and when price finally broke below the support level, it dropped 12% in two days.”