what is descending triangle ? how it's work

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  • เผยแพร่เมื่อ 29 ก.ย. 2024
  • A descending triangle is a bearish chart pattern used in technical analysis to predict potential price declines. It is formed by drawing one trendline that connects a series of lower highs and another horizontal line that connects a series of lows. Here's how it works:
    Structure of a Descending Triangle:
    Trendlines:
    Upper Trendline: This is a downward sloping line that connects the lower highs.
    Lower Trendline: This is a horizontal line that connects the lows.
    Price Movement:
    The price moves between these two trendlines, creating a triangle shape.
    The price typically bounces between the lower highs and the horizontal support level.
    Characteristics:
    Lower Highs: Each subsequent high is lower than the previous one, indicating weakening buying pressure.
    Horizontal Support: The lows form a horizontal line, showing a consistent level where buyers step in to support the price.
    How It Works:
    Formation:
    The descending triangle often forms during a downtrend, but it can also appear during an uptrend as a consolidation phase before the trend reverses.
    It represents a battle between buyers and

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