Combine Descending Triangle & Volume for Higher Accuracy
Most traders approach the descending triangle all wrong. They see the pattern, draw their trendlines, and commit capital without ever checking whether volume confirms what the price is trying to do...
Source: BitCoinTalk
Most traders approach the descending triangle all wrong. They see the pattern, draw their trendlines, and commit capital without ever checking whether volume confirms what the price is trying to do. That’s a critical oversight—one that costs them money consistently. The descending triangle is a recognizable continuation pattern in technical analysis, but it fails more…