Descending triangle pattern: A descending triangle pattern

A descending triangle pattern is one of the most prominent continuation patterns that arise in the mid-trend. What is a descending triangle pattern? A descending triangle is a technical chart pattern formed by a series of lower highs and a flat, lower trendline that acts as support. The descending triangle is a bearish formation. It generally forms during a downtrend and is a continuation pattern, although sometimes, a descending triangle forms a reversal pattern at the end of an uptrend. Regardless of where they form, descending triangles are bearish patterns that indicate distribution. Descending Triangle Pattern is a type of triangle candlestick pattern. Learn the Descending Triangle Pattern meaning, characteristics, steps to identify and more on Groww.