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Descending Triangle
Descending triangle is a technical analysis term describing a bearish chart pattern, easily recognizable by two trend lines that form a triangle.
Combination of descending tops heading towards stock's support level could easily lead to a breakout. As soon as stock breaks above the support level, traders will aggressively enter into short positions, sending the stock price even lower.
The common price targets are generally set to equal the entry price less the vertical height amid the two trend lines.
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