What Does Descending Triangle Stock Chart Pattern Mean?

Falling Wedge Stock Chart Pattern

The descending triangle stocks chart pattern in stock trading is formed in a downward stock trend & it shows that the downwards direction of stock price movement is going to continue.

Descending triangle stocks chart pattern is a continuation stocks chart pattern that signals the current downwards stock market trend is going to continue.

Descending triangle stocks pattern is also known as falling wedge stock trading chart pattern.

Descending triangle stocks chart pattern shows that there is a support level that the sellers keep pushing each time moving this support level lower, and once it breaks stock price will continue to move downwards.

A downside penetration of the lower line of the descending triangle stocks chart pattern is a technical sell stock signal for a market breaking down from a descending triangle, and this indicates selling will follow.

What Happens To Stock Price Action After Falling Wedge Stock Chart Pattern?

The stock market formed a descending triangle stocks pattern during its downward stock trend which led to further selling & continuation of the stock downward market trend.

The technical sell stock signal is when stocks price breaks-out the lower horizontal sloping line of the descending triangle pattern and selling resumes to push the stocks price lower - continuation of the downwards stocks trend.