GALA / TetherUSשורט
A descending triangle
A descending triangle is a technical analysis chart pattern used in trading and investing. It's a bearish continuation pattern that forms when:
1. A price consolidates within a triangle, with
2. A falling upper trendline (resistance) and
3. A flat lower trendline (support).
The descending triangle indicates a breakdown below the support level, suggesting a continued downward price move. It's considered a reliable pattern, as it shows selling pressure increasing while buying pressure decreases.
Key points:
- The pattern typically forms during a downtrend.
- The falling resistance line shows decreasing demand.
- The flat support line represents a level of supply.
- A breakdown below the support level confirms the pattern.
- The target price is estimated by measuring the height of the triangle and subtracting it from the breakdown point.
The descending triangle is a strong indication of a potential price drop, and traders often use it as a signal to sell or short a price. As with any chart pattern, it's essential to combine it with other technical and fundamental analysis tools for confirmation.
1. A price consolidates within a triangle, with
2. A falling upper trendline (resistance) and
3. A flat lower trendline (support).
The descending triangle indicates a breakdown below the support level, suggesting a continued downward price move. It's considered a reliable pattern, as it shows selling pressure increasing while buying pressure decreases.
Key points:
- The pattern typically forms during a downtrend.
- The falling resistance line shows decreasing demand.
- The flat support line represents a level of supply.
- A breakdown below the support level confirms the pattern.
- The target price is estimated by measuring the height of the triangle and subtracting it from the breakdown point.
The descending triangle is a strong indication of a potential price drop, and traders often use it as a signal to sell or short a price. As with any chart pattern, it's essential to combine it with other technical and fundamental analysis tools for confirmation.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.