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How to use Descending Triangle in Trading

There are several chart patterns involved in the technical analysis of the stock, with the help of which traders and technical analysts generate accurate tips for buying and selling of the stocks. In this article, one of the most common bearish chart patterns is discussed and that is descending triangle. It is created by drawing first trend line involving the series of lower highs and second line trend line, which prove it strong historically. This pattern suggest the down trend moment is developing. Novice traders find difficulty in understanding the chart patterns so they approach advisory firms. One of the best advisory firms is Money Classic Research.

 

Read More@ moneyclassicresearch.blogspot.in

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Uploaded on June 3, 2016
Taken on June 3, 2016