In this beginner's guide, we'll explore everything you need to know about this common chart pattern into simple, easy-to-understand terms. The stock makes lower highs against a flat support level, forming the shape of a downward-pointing triangle. Just like feeling squeezed into that mountain valley, the descending triangle on a stock chart shows a downtrend being compressed between two converging lines. You've suddenly found yourself in a triangular-shaped valley with no clear exit - this is known in stock charting as the descending triangle pattern. The path keeps narrowing as you descend until you reach a tight apex. Imagine you're hiking down a mountain trail that keeps angling downward at a steady slope. Useful Tools ENĭescending Triangle Pattern - How to Use It in Tradingīy Stelian Olar, Updated on: Feb 07 2024. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Īdvertiser Disclosure: when you click in some of the links in our website we may receive compensation from our partners or advertisers at no additional cost to our visitors. 74-89% of retail investor accounts lose money when trading CFDs. The information on this site may be accessed worldwide however it is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.ĬFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please remember that past performance results are not necessarily indicative of future results. All securities and financial products or instruments transactions involve risks. You should seek independent financial advice prior to acquiring a financial product. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Any information or advice contained on this website is general in nature only and does not constitute personal or investment advice. is a domain owned and operated by TTBCOM OÜ private limited company with registration number 16140001.
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