What Is a Descending Triangle? A descending triangle is a chart pattern used in technical analysis created by drawing one trend line connecting a series of lower highs and a second horizontal ...

Gabriel Trujillio / Getty Images A symmetrical triangle is formed by trend lines connecting a series of sequentially lower peaks and higher troughs. This pattern is considered a continuation ...

2. Descending Triangle A descending triangle is a bearish continuation pattern and one of three triangle patterns used in technical analysis. The trading setup is usually found in a downtrend ...

Forbes contributors publish independent expert analyses and insights. Jesse is the Director of Marketing, North America at BullionStar. This article is more than 3 years old. While many financial ...

The weekly chart is used to clarify the situation. You can see that gold has been evolving an expanding triangle consolidation pattern for more than two years. Two trendlines define the borders of ...

A double bottom typically takes two to three months to form, and the farther apart the two bottoms, the more likely the pattern will be successful. 2. Ascending Triangle An ascending triangle is a ...