Time to take a short position in the market? Look for this chart pattern

The opposite of this negative indicator is called Ascending Triangle. This represents a bullish bias with a breakout above the horizontal line.

The Descending Triangle shows price weakness in the stock market. It is recognized as a bearish indicator, highlighting the fragile strength that results in negative sentiment. It is one of the chart patterns that reflect the significance of profit booking and exiting bullish positions.

 

The Descending Triangle consists of a horizontal trendline and a falling trendline. Herein, the falling trendline connects the lower highs, wherein the stock made continuous attempts to absorb