How To Trade The Descending Triangle Pattern [Forex Chart Patterns]

A descending triangle is a bearish chart pattern that occurs during a downtrend and indicates that the existing trend is likely to continue. Just like its opposite version, the ascending triangle pattern, the descending pattern is a bearish continuation pattern that helps traders find entry and exit points during a downward trend.

In this video, we’ll teach you everything you need to know about the descending triangle pattern. Here’s a quick overview of what you’ll learn:

In the first section of our video, you’ll learn about the descending triangle pattern’s characteristics and what it signals. We’ll also show how to identify the descending triangle pattern and draw horizontal and descending trend lines to find the breakout level.

Next, we will show a step-by-step process to apply the breakout trading strategy when identifying the descending triangle pattern.

Finally, we take a close look at the pros and cons of the Descending triangle pattern and mention the key takeaways you need to consider when trading the descending triangle pattern.

Let’s get started!

Chapters:

0:00 - Intro
0:52 - How to Identify the Descending Triangle Pattern
3:15 - How to Trade the Descending Triangle Pattern
4:11 - Pros and Cons
5:00 - Key Takeaways

➡️ For the full descending triangle pattern guide, visit this page: https://howtotrade.com/chart-patterns...

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