The is the opposite of the in that it gives a signal to chartists, suggesting that the price will trend downward upon completion of the pattern. The is constructed with a flat support line and a downward-sloping resistance line.
Similar to the , this pattern is generally considered to be a continuation pattern, as it is preceded by a downward . But again, it can be found in an uptrend.
Read more: Analyzing Chart Patterns: Triangles http://www.investopedia.com/university/c...
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