Descending Triangle
A bearish continuation pattern with a flat bottom and falling top — sellers keep stepping in lower while buyers defend the same level.
EUR/USD printed a 4-hour descending triangle in June 2024 with support at 1.0700 and falling highs from 1.0790 to 1.0735. The breakdown sent it to 1.0600 in eight sessions.
Related terms
Ascending Triangle
intermediateA bullish continuation pattern with a flat top and rising bottom — buyers keep stepping in higher while sellers defend the same level.
Symmetrical Triangle
intermediateA neutral continuation pattern with a falling top and a rising bottom — both sides squeeze toward the apex before a breakout.
Breakout
intermediateWhen price moves decisively through a significant support or resistance level, often triggering a new trend.
Bull Flag
beginnerA short-term continuation pattern where price pulls back in a tight downward channel after a strong rally — usually breaks higher.
Bear Flag
beginnerA short-term continuation pattern where price rallies in a tight upward channel after a strong drop — usually breaks lower.
Pennant
intermediateA short-term continuation pattern where price consolidates in a small symmetrical triangle after a strong move — like a flag but pointier.