descending triangle

Definition

A triangle chart pattern used in technical analysis, where the top level continues to decrease over time, but the bottom stays relatively flat as a support level. When the security's price breaks through the support level, it is an indicator that it is a good time to sell or take a short position, because the security is likely to continue to decrease. opposite of ascending triangle.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
descending tops descending triple bottom