Always look at the existing trend when determining the direction for the descending triangle. Here you can see 3 descending triangle in Sembcorp Marine chart.
Notice that once price are near the bottom of the apex, it tends to accelerate downwards.
Traders who trade descending triangle are normally short sellers who usually place their order below the bottom horizontal trendline as the believe in the power of breakdown. In todays market, whether price goes up or down, traders can make money by trading in the direction for the trend.
Conclusion
A descending triangle is a wedge-shaped chart pattern that normally breaks out downward. It can act a reversal or continuation of the current price trend. A descending triangle forms when buyers acquire the stock at the fixed price, thus forming a line of support.
Singapore
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Analysis