Forex Zone | Forex Forum

Trading with a descending triangle pattern

Discussion started on Forex Education

  • Posts: 2270
  • Points: 16
  • Likes Received: 546
  • Reputation: +9/-5
Trading with a descending triangle pattern in Forex Education_xx
A descending triangle pattern indicates a consolidation state consisting of high swing points that are pushed downward by a downtrend line and meeting a horizontal support line consisting of swing low points. The direction of the previous price movement is a downtrend. Traders with long positions hold on to buy, while traders with short positions try to push prices to lower levels to form lower high levels. When the seller's price approaches the buyer's price, then the price movement immediately breaks to the level of support that is maintained by the buyer, and continues the downtrend that has occurred before. In the process, the number of traders with short positions continues to grow along with the market sentiment that is currently bearish, while traders with long positions. Both ascending triangle patterns and descending triangle patterns are often referred to as triangle patterns because the shape is the same as the geometry of the triangle. Usually a descending triangle pattern is formed as a result of profit taking by the seller who meets with incoming buyers. But the buying pressure tends to remain as seen in the horizontal line formed, and no higher low points are formed. News releases or important fundamental data can be a driving force for a break in the downtrend. For example the following formation of a descending triangle pattern in the AUD / JPY pair 4-hour
Trading with a descending triangle pattern in Forex Education_Screenshot-1497

Linkback: https://www.forex.zone/forex-education/29/trading-with-a-descending-triangle-pattern/2624/
#1 - October 11, 2019, 12:43:33 AM

  • Posts: 12
  • Points: 0
  • Likes Received: 2
  • Reputation: +0/-0
Trading with a descending triangle pattern in Forex Education_xx
the trianggle pattern is very high accuracy, I like this pattern
#2 - October 11, 2019, 12:57:03 AM

  • Posts: 11
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Trading with a descending triangle pattern in Forex Education_xx
very useful writing thank you for sharing
#3 - October 11, 2019, 01:47:32 AM

  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Trading with a descending triangle pattern in Forex Education_xx
complicated patterns like that are quite difficult to learn.
#4 - October 11, 2019, 02:51:27 AM

  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Trading with a descending triangle pattern in Forex Education_xx
Descending triangle can be combined with other indicators to be more accurate.
#5 - October 11, 2019, 03:20:07 AM

  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Trading with a descending triangle pattern in Forex Education_xx
Descending triangle pattern is a rare pattern, so it must be utilized if found.
#6 - October 11, 2019, 07:46:36 AM

  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Trading with a descending triangle pattern in Forex Education_xx
the pattern is often found in time frames h1 to d1.
#7 - October 11, 2019, 08:01:17 AM

  • Trading with a descending triangle pattern in Forex Education_index
  • Posts: 850
  • Points: 39616
  • Likes Received: 117
  • Reputation: +3/-0
Trading with a descending triangle pattern in Forex Education_xx
Down the triangle pattern, this pattern has happened very often and for traders should have learned something like this so it can be read clearly from the pattern. 

Thank you for giving us information.
#8 - November 11, 2019, 12:56:36 PM

  • Trading with a descending triangle pattern in Forex Education_index
  • Posts: 1047
  • Points: 5672
  • Likes Received: 100
  • Reputation: +4/-0
Trading with a descending triangle pattern in Forex Education_xx
Although it is quite complicated and difficult to find this pattern but its accuracy is undoubtedly possible, it may be used by experienced traders to determine the direction of long-term prices to be more valid.
#9 - November 11, 2019, 02:37:25 PM

  • Posts: 79
  • Points: 0
  • Likes Received: 11
  • Reputation: +2/-1
Trading with a descending triangle pattern in Forex Education_xx
This technique has quite high accuracy, but carefulness is needed to identify it
#10 - November 18, 2019, 11:03:21 PM

  • Posts: 20
  • Points: 0
  • Likes Received: 3
  • Reputation: +0/-0
Trading with a descending triangle pattern in Forex Education_xx
I like this technique because it has quite high accuracy
#11 - November 24, 2019, 10:32:47 PM

  • Posts: 111
  • Points: 0
  • Likes Received: 9
  • Reputation: +0/-0
Trading with a descending triangle pattern in Forex Education_xx
If you can see opportunities with this descending triangle pattern, you can make a very extraordinary profit. 

The point is to understand the candle pattern so that errors do not occur in order execution.
#12 - November 25, 2019, 01:05:22 AM

  • Trading with a descending triangle pattern in Forex Education_index
  • Posts: 251
  • Points: 396
  • Likes Received: 8
  • Reputation: +0/-0
Trading with a descending triangle pattern in Forex Education_xx
Although I think this technique is quite difficult because we rarely find triangle patterns, especially those who are not accustomed to using this technique, it will be very difficult to find a pattern, but the more difficult to find a pattern, the better and more accurate.
#13 - November 27, 2019, 06:15:38 PM

  • Posts: 142
  • Points: 188
  • Likes Received: 2
  • Reputation: +0/-0
Trading with a descending triangle pattern in Forex Education_xx
I have tried trading with this triangle pattern but it seems quite difficult, far more difficult than trading using a candle pattern or multiple candle patterns because this pattern must be identified with a higher level of foresight.
#14 - January 13, 2020, 09:47:27 AM

  • Posts: 192
  • Points: 494
  • Likes Received: 3
  • Reputation: +0/-0
Trading with a descending triangle pattern in Forex Education_xx
I rarely find a triangle patter or indeed I am less able to identify it because in my opinion the pattern is too complicated, but the accuracy is not in doubt.
#15 - January 27, 2020, 12:10:07 PM

Members:

0 Members and 1 Guest are viewing this topic.


* Share Topic

Share via delicious Share via digg Share via facebook Share via linkedin Share via pinterest Share via reddit Share via stumble Share via tumblr Share via twitter

* Similar Topics

xx
Variety of Chart Pattern Have you heard the term Triangle? Or Head & Shoulder? O

Started by turtlegain on Forex Education

4 Replies
139 Views
Last post February 06, 2019, 11:23:15 AM
by Mikser
clip
INDIKATOR TRIANGLE

Started by zanurreload on MT4 / MT5 Indicators

0 Replies
5 Views
Last post Today at 11:22:36 AM
by zanurreload
xx
Guidelines of Descending Triangles

Started by best forex on General Forex Discussion

6 Replies
258 Views
Last post September 11, 2019, 04:44:41 PM
by Karsa
xx
What is the difference between chart pattern and Harmonic pattern?

Started by zanurreload on General Forex Discussion

28 Replies
538 Views
Last post May 03, 2021, 11:00:38 PM
by ERSYA