Technical Analysis of Falling Wedge Descending Triangle Chart Patterns

How to Analyze Descending Triangle Chart Patterns

Descending Triangle Stock Indices Chart Pattern

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

Descending triangle stock indices chart pattern is also referred to as falling wedge stock indices trading 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 to move downward.

The support area temporarily prevents the stock indices trading market from declining lower, while the descending sloping line above the falling wedge stock indices chart pattern signals that sellers are still present.

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

Descending triangle stock indices chart pattern is found within a Indices Trading downward trend, descending triangle pattern forms as a consolidation period within downward indices trend and indicates downside stock indices market indices trend continuation will follow.

How to Analyze Descending Triangle Chart Patterns?

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

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