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Web the descending triangle pattern is one of the most commonly recognized price patterns in technical analysis, often included in chart patterns cheat sheet. Web chart patterns cheat sheet by steve burns a chart pattern is simply a visual representation of the prices buyers and sellers bought and sold in the past. Pip distance of the first swing, applied from breakout rate. That will allow you to reference it while you're trading.
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This chart formation indicates a bearish continuation instead of bullish continuation. Web top 10 chart patterns cheat sheet 1. Below there are described all these patterns in details and live chart examples so you can easily identify it. It forms when there is support at a certain level, but each subsequent rally fails to break above.