Descending Triangle Pattern

The next child of the triangle family patterns is descending triangle. Like ascending triangle, it is a right-angled but in the opposite direction. The ideal version of this pattern forms by two trendlines: the sloping down one on the top and a horizontal support level at the bottom. The price fluctuates in a decreasing manner among them and configure sequences of swing high points. Two and more declining peaks are enough to distinguish a bearish market in the body of triangle.
Taking in the properties of a descending triangle makes learning them easier:
1. Appearance: Descending triangle looks like a right-angle triangle whose base is support level, and its hypotenuse is down-trendline. Usually, the line's extension has an intersection far away and forms the apex of triangle.
2. Trendlines: The descending triangle shape becomes visible by drawing two trend lines: The support level and downtrend line. Call in mind the support level ought to have a slight slope and not necessarily be a horizontal line.
3. Pattern Category: Like father, like son. Every triangle follows continuous behavior. Although it is not fully reliable.
4. Breakout Direction:

Expectation: The former trend and continuation property of the pattern imply breakout direction. If the entry trend is an uptrend, the price may jump over the downtrend line. The same manner is not far away for a downtrend and price exit with a downside breakout. Trader's experience confirms that break out occurs at the last one-third part of support level (base), close to apex. When the price leaves the pattern in any direction, it is expected to reach a price target level. It can be lower or higher than the pattern but anyway, it goes as the height of triangle.
Failure: Being in a continuous market and seeing a reversal manner is also a sign for traders. The price may act out of the ordinary and trends can exit in a different direction than their entrance. In this situation, It is better to trade off or slow down to invest in the market with the caution of invalid fore-seeing trends.