Descending Triangle as Continuation and Bilateral pattern
Updated
Descending Triangle Pattern Tutorial :
Descending Triangle is a bearish pattern and sometimes it also act as bilateral pattern. (about bilateral pattern in the previous post : "tradingview.com/chart/BTCUSDT/vYen5wAu-Ascending-Triangle-as-Continuation-and-Bilateral-pattern/")
A Descending Triangle Pattern can be easily identified if you see a falling upper trendline along with a flat support. Also descending triangle have some shortcomings like it can occur false breakout and the price reverses same as Ascending Triangle. You need to see how strong the breakout was with the help of volume indicator at the time of breakout.
Descending Triangle is a bearish pattern and sometimes it also act as bilateral pattern. (about bilateral pattern in the previous post : "tradingview.com/chart/BTCUSDT/vYen5wAu-Ascending-Triangle-as-Continuation-and-Bilateral-pattern/")
A Descending Triangle Pattern can be easily identified if you see a falling upper trendline along with a flat support. Also descending triangle have some shortcomings like it can occur false breakout and the price reverses same as Ascending Triangle. You need to see how strong the breakout was with the help of volume indicator at the time of breakout.
Comment
Example : Comment
Example : Descending Triangle as Belateral PatternComment
👍Comment
Checkout Ascending Triangle;
Comment
Example : BTCUSD Ascending Triangle as Bilateral Pattern;Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.