Stoploss.ch

Selected Chart Pattern

Descending triangle

Pattern Description:

The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern and indicates distribution. Once the horizontal line has been broken, the downside target should correspond to the height of the triangle, projected below the horizontal support line. While this pattern is in the process of formation, volume tends to be low but rises substantially on a break of the support line.

Descending triangle

The Elasticity2 System for Metastock

The Elasticity2 System for Metastock

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