Indices Price Breakout after Descending Triangle Pattern

Descending Triangle Stock Indices Chart Pattern

The descending triangle stock indices chart pattern in indices trading is formed in a downward indices trend and it shows that the downward direction of stock indices price movement is going to continue.

Descending triangle stock indices chart pattern is a continuation stock indices chart pattern that signals the current downwards stock indices market trend is going to continue.

Descending triangle stock indices chart pattern is also known as falling wedge stock indices chart pattern.

Descending triangle stock indices chart pattern shows that there is a support level that the sellers keep pushing each time moving this support level lower, and once it breaks stock indices price will continue moving downwards.

A downside penetration of the lower line of the descending triangle stock indices chart pattern is a technical sell stock indices signal for a market breaking down from a descending triangle, and indicates selling will follow.

Indices Price Breakout after Descending Triangle Pattern

The stock indices market formed a descending triangle stock indices chart pattern during its downward indices trend which led to further selling and continuation of the indices downward market trend.

The technical sell stock indices signal is when stock indices price breaks the lower horizontal sloping line of the descending triangle pattern and selling resumes to push the stock indices trading market stock indices price lower - continuation of the downward indices trend.