POLLEN+CRYPTO+BOOK

DESCENDING
TRIANGLE
Unlike ascending triangles, descending triangle represents a
downtrend in the market. The support line is horizontal and the
resistance line is descending, which means the possibility of a
breakout to the downside.
The descending triangle pattern is a popular bearish
continuation pattern that is created by drawing a
horizontal line that connects the low points and a trend
line that connects the lower highs. Sometimes the pattern
also occurs in reverse during an uptrend. It is one of the
three important triangle patterns defined by classical
technical analysis