Descending Triangle Chart Pattern*, a bearish continuation pattern in technical analysis. Here's a quick summary:
*Initial Sell Off*: Sharp downward move starts the pattern.
*Bearish Trend Pausing*: Price consolidates in a triangle.
*Flat Bottom*: Horizontal support line where price repeatedly bounces.
*Down Sloping Trendline*: Each bounce is lower, forming descending highs.
*Breakout*: Eventually, price breaks below support.
*Trend Continuation*: The downtrend resumes after the breakout.
It’s often used by traders to anticipate further downside once the pattern confirms.