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Investing Glossary:
Descending Triangle
Copyright 2012,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| The converse or opposite of an Ascending Triangle. A continuation Pattern with Bearish implications. Volume is normally higher at the lows and decreases as the upper, downsloping trendline is approached. A Break below the lower horizontal line of the pattern, On increased volume, completes the pattern and reaffirms the downtrend in progress.
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