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.

A triangle is a continuation pattern used in technical analysis that looks like a triangle on a price chart.

EUR/USD is building a descending wedge triangle chart pattern. This indicates a bearish breakout sooner or later. Let’s review the key support and resistance zones.

It’s tracing out a descending triangle chart pattern, which usually resolves in a bearish move. If 3.70 on the nearest contract breaks, one more reason to play better defense.

USD/SGD continues to decline after the recent completion of the high Quality Descending Triangle chart pattern identified on the 4-hour charts.

Currently, XRP consolidates within a descending triangle, hinting at potential continuation or reversal, depending on the breakout direction.