TRADING GLOSSARY
Descending triangle
A descending triangle forms when price makes lower highs above a broadly horizontal support level. It is often interpreted as a bearish continuation pattern during a downtrend, but an upward breakout or a failed downward breakout is also possible.
EXAMPLE
In a hypothetical chart, price repeatedly holds the same floor, but successive rebounds reach lower peaks before price eventually breaks below support.
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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Glossary definitions are general education only and are not investment advice. Risk disclosure