9/20/2023 0 Comments Descending wedge probability![]() The flat support line and the descending trend line converge to a point.A descending trend line that connects a series of lower highs.The main features of the descending triangle pattern are: The reversed version of the descending triangle is the ascending triangle pattern that we have extensively talked about. The descending triangle stock pattern is a versatile chart pattern that is viewed as a continuation pattern and a reversal pattern at the same time. Also known as the bullish descending triangle pattern. However, in some instances, this can play as a descending triangle reversal. The descending triangle pattern is a continuation chart pattern that develops in the middle of a downtrend. ![]()
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