What Does Falling Triangle Chart Pattern Mean?

Falling Wedge Chart Pattern

The descending triangle chart pattern setup in xauusd is formed in a downward trend & it highlights that downward direction of price move is going to continue.

Descending triangle chart pattern is a continuation chart pattern setup which signals the current downwards market trend is going to continue.

Descending triangle pattern is also known as falling wedge trading pattern.

Descending triangle chart pattern setup highlights that there's a support zone that the sellers keep pushing every time moving this support zone lower, & once it breaks price will continue to move down-wards.

A downside penetration of the lower line of the descending triangle pattern is a technical sell signal for a market breaking down from a descending triangle, & this demonstrates selling will follow.

What Happens to Price Action After Falling Wedge Falling Triangle Chart Pattern in XAUUSD?

The market formed a descending triangle chart pattern during its downwards trend which led to further selling and continuation of the downward market trend.

The technical sell signal is when price breaks out the lower horizontal sloping line of the descending triangle pattern and selling resumes to push the market price lower - continuation of the down-wards trend.