Lessons › Chart patterns › Descending triangle
World 3 · Chart patterns · lesson 7 · level 2
Descending triangle
Buyers hold a flat floor while sellers push down from lower and lower highs, and the break can go either way.
What it is
A flat floor and falling ceiling squeeze together, then price breaks down.
Your task in the app
Where are the two lines? Then decide: buy, sell, or wait?
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 8 | 50% | 38% | 12% |
| United States | 3 | 67% | 33% | 0% |
| Japan | 5 | 40% | 60% | 0% |
| Crypto | 71 | 31% | 63% | 6% |
| Forex | 8 | 50% | 50% | 0% |
| Commodities | 4 | 25% | 50% | 25% |
Counted on real past charts by the Trading Class research engine, 99 cases in all. Past odds, not a forecast.
Read more on the Descending triangle pattern page.
Goal of this lesson: Recognize a descending triangle and the break that completes it.