Triangle Trading Stratergy

In Continuation with Last week article of Trading Stocks with Symmetrical Triangle’s Chart Pattern  and How to trade Ascending Triangle Chart Pattern lets discuss another  triangle pattern

• Descending Triangle Pattern

Descending Triangle: This pattern comprises of 2 trendline, one drawn horizontally to mark the support, second trendline is downward sloping trendline formed by joining the lower highs. This pattern is classifies as . Volumes generally diminish during the formation of the pattern and when breakdown/breakout occurs volume expansion occurs for pattern confirmation.

Descending Triangle chart pattern should contain at least 2 or more similar low not exactly equal but in proximity to form the lower horizontal trendline. To form the downward slopping trendline at least two ..

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