A Descending Triangle Pattern is a bearish pattern which has horizontal support and a descending resistance line.
The Stock Screener supports different support and resistance trading strategies. Some examples are listed in this article.
Triangle patterns are well-known chart patterns within the field of technical analysis. They exist in different formations, bullish, bearish or symmetrical.
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.
In depth explanation of triangle chart pattern and how to use it
Minimum Price
Minimum Liquidity
The Descending Triangle Pattern Filter
Support and Resistance Lines on the chart
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