The descending triangle is a chart pattern used in technical analysis. The pattern usually forms at the end of a downtrend but can also occur as a consolidation in an uptrend.

Ascending triangle pattern breakout target illustration. Conversely, the profit target in a bear trend is obtained by measuring the distance between the triangle's upper and lower trendline.

Advanced Micro Devices stock is stuck in a descending triangle pattern at the moment, but it won't stay there long. Eventually, a breakout will occur.

In the symmetrical triangle pattern, one trend line connects the consecutive peaks and another trend line connects the consecutive bottoms. Both of the trend line meets to form a triangle. This ...

This pattern implies that a strong move is likely to occur once gold breaks out from it in a convincing manner. For much of the past year-and-a-half, gold has been forming a technical ...