Trading with a descending triangle pattern

A descending triangle pattern indicates a consolidation state consisting of high swing points that are pushed downward by a downtrend line and meeting a horizontal support line consisting of swing low points. The direction of the previous price movement is a downtrend. Traders with long positions hold on to buy, while traders with short positions try to push prices to lower levels to form lower high levels. When the seller's price approaches the buyer's price, then the price movement immediately breaks to the level of support that is maintained by the buyer, and continues the downtrend that has occurred before. In the process, the number of traders with short positions continues to grow along with the market sentiment that is currently bearish, while traders with long positions. Both ascending triangle patterns and descending triangle patterns are often referred to as triangle patterns because the shape is the same as the geometry of the triangle. Usually a descending triangle pattern is formed as a result of profit taking by the seller who meets with incoming buyers. But the buying pressure tends to remain as seen in the horizontal line formed, and no higher low points are formed. News releases or important fundamental data can be a driving force for a break in the downtrend. For example the following formation of a descending triangle pattern in the AUD / JPY pair 4-hour


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very useful writing thank you for sharing

Descending triangle can be combined with other indicators to be more accurate.

the pattern is often found in time frames h1 to d1.

Although it is quite complicated and difficult to find this pattern but its accuracy is undoubtedly possible, it may be used by experienced traders to determine the direction of long-term prices to be more valid.

I like this technique because it has quite high accuracy

Although I think this technique is quite difficult because we rarely find triangle patterns, especially those who are not accustomed to using this technique, it will be very difficult to find a pattern, but the more difficult to find a pattern, the better and more accurate.

I rarely find a triangle patter or indeed I am less able to identify it because in my opinion the pattern is too complicated, but the accuracy is not in doubt.