Screener of Stock bullish triangle descending
AI Pattern Search Engine (PSE)


  • Set up pattern search criteria
  • Receive patterns in your feed
  • Bookmark patterns to track their status
14-day FREE trial subscription
Try for free
$30/month afterwards
How It Works

Trading patterns is one of the most sophisticated trading strategies. It exploits the psychology of market participants, and takes advantage of the knowledge of market insights.If you want to use AI to discover these hidden effects, then Tickeron’s Pattern Search Engine is the tool you need. Using PSE, AI will teach you to recognize patterns and entry and exit points.

Manual
Pattern Types and Stats
14-day FREE trial subscription
Try for free
$30/month afterwards

Triangle Descending

The Descending Triangle pattern is formed when the price of a security establishes a support level (1, 3, 5) and bounces off that level to a declining resistance level, creating a down-­sloping top line (2, 4). The breakout can either be up or down, depending if the resistance or highest support level is broken first.

This pattern is commonly associated with directionless markets since the contraction (narrowing) of the market range signals that neither bulls nor bears are in control.

Trade idea

Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the breakout price level. To identify an exit, compute the target price by adding the pattern height from breakout point. For upward breakouts the level is the highest high within the triangle (2). Pattern height is the difference between the level of the bottom horizontal line and the highest high.

To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.

Read more

Real Time Feed

Triangle Descending (Bullish)

TX Ternium SA

Stock

ODDS FOR THIS TICKER: 78%
EMERGED CONFIRM CONFIDENCE DISTANCE
Jun 21 Aug 24 81% 32%
Triangle Descending (Bullish)

LPLA LPL Financial Holdings

Stock

ODDS FOR THIS TICKER: 54%
EMERGED CONFIRM CONFIDENCE DISTANCE
Mar 30 Jun 30 75% 261%
Triangle Descending (Bullish)

SWN Southwestern Energy Company

Stock

ODDS FOR THIS TICKER: 71%
EMERGED CONFIRM CONFIDENCE DISTANCE
Jun 24 NOT ConfirmedOnED 78% 6%
Triangle Descending (Bullish)

SAFM Sanderson Farms

Stock

ODDS FOR THIS TICKER: 90%
EMERGED CONFIRM CONFIDENCE DISTANCE
Aug 9 NOT ConfirmedOnED 75% 9%
Triangle Descending (Bullish)

UTL Unitil Corp

Stock

ODDS FOR THIS TICKER: 90%
EMERGED CONFIRM CONFIDENCE DISTANCE
Jul 2 NOT ConfirmedOnED 73% 5%