Descending triangle
Flat floor, falling ceiling
What it is
A repeated low with progressively lower highs, squeezing price down onto the horizontal support.
What it may suggest
Sellers accept less each time while buyers defend one level. A close below the floor completes it.
Where it fails
Despite the name it breaks upward slightly more often than downward, measured at 53% upward across more than 1,300 trades. The flat floor is obvious enough that stops stack beneath it, which is exactly what makes it worth sweeping.
Also called falling triangle.
More chart patterns
ChartPeak is an educational tool. It is not financial advice and does not make investment recommendations. Trading carries a risk of loss, and past performance does not indicate future results. Do your own research.
Get ChartPeak
Photograph a chart and get an AI technical analysis back in about 12 seconds: trend, bias, support and resistance, entry, exit and risk — or a plain no-trade.