How Do You Trade Falling Triangle Chart Pattern? - Falling Wedge Falling Triangle Chart Pattern

How Do I Trade the Falling Triangle Chart Pattern

Falling Triangle Pattern - Falling Wedge Chart Pattern

The descending triangle pattern setup in forex is formed in a downtrend and it shows that downwards direction of price movement is going to continue.

Falling triangle pattern is also referred to as falling wedge pattern.

Falling triangle pattern setup portrays that there's a support zone that the sellers keep pushing each time moving this support zone lower, & once it breaks price will continue moving down-ward.

The support area temporarily prevents the market from declining lower, while the descending sloping line above the falling wedge chart pattern signals that sellers are still present.

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

Falling triangle setup is found within a downwards trend, the descending triangle pattern forms as a consolidation period within the downward trend and indicates downside market trend continuation will follow.

How Do I Trade the Falling Triangle Pattern - How Do You Analyze Falling Triangle Chart Setup Patterns?

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

The technical sell signal is when price breaks lower horizontal sloping line of the descending triangle chart pattern as selling resumes to push the market price lower - continuation of the downwards trend.