Breakout Screens - Descending Triangle Pattern

Breakout Screens - Descending Triangle Pattern Image
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A Descending Triangle Pattern is a bearish pattern which has horizontal support and a descending resistance line.


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Descending Triangle Pattern

A Descending Triangle is formed by drawing a horizontal line that connects a series of lower highs and a descending trendline that connects a series of equal or slightly lower lows.

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Stock Screener Settings

Price: Above 20

Minimum Price

Average Volume: 50 SMA > 500K

Minimum Liquidity

Descending Triangle

The Descending Triangle Pattern Filter

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Chart Settings

Support and Resistance Lines on the chart

Regional Run

Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.