Descending Triangle Pattern Explained

It is a continuation pattern. The descending triangle is one of the forms of symmetrical triangles, and it differs in that the lower part of the triangle is horizontal, forming a support level for price movement

Pattern Shape:

Pattern Formation Stages:

Sellers attempt to push the price downward, while buyers attempt to push the price upward
The price forms lower highs and bottoms at the same horizontal level
After breaking the support level formed by the bottoms, the price continues the downward trend

Utilizing the Pattern:

Sell after breaking the support area formed by the bottoms

Pattern Target:

Measure the height of the triangle from the first peak formed to the support area, then project the same distance downward from the breakout point

Conclusion:
The descending triangle is a continuation pattern characterized by lower highs and a horizontal support level, indicating increasing selling pressure and a potential continuation of the downward trend after a breakout