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A Wealth of Knowledge

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A Wealth of Knowledge

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Descending triangle

Descending triangle is a bearish continuation pattern characterised as the market constantly making lower highs, (descending highs) to a lateral support. Price is supported, it rallies upwards upon reaching a support then proceed to make a lower high, indicating that the buyers are running out of steam because the buyers only push prices up to only make a high that is lower than the previous high, showing that there is not enough buying power to make a new high (a higher high).

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