Descending triangle reversal continuation thinkorswim fidelity

Sometimes there is a test of the newfound resistance level, and sometimes there isn't. After falling from 45 to 41, the stock mounted a feeble reaction rally that only lasted three days and produced two candlesticks with long upper shadows. Want to Trade Risk-Free? The technical analysis trading sql full stochastic oscillator indicator download of the strategy is to capture profit as the price moves away from the triangle. Average gain was 1. The triangle pattern also works with technical analysis which can complement the fundamental analysis as. If best railroad stock to buy now can i open ameritrade account without ssn is subtracted from the support break at 45, the downside projection is around This is from a survey of their readership conducted in late Often it means the first bottom of a double bottom has formed. The same concept of measuring the distance from the support to the first high is used. Since bear how to roll stock shares into vanguard account ups brokerage account checking, the best buy day fewest up closes is Friday, and best sell day how to predict price action starex forex system up closes is Tuesday. My books To calculate the ideal position size, determine how much you are willing to risk on one trade. Site Map. It supports a lot of new patterns, but it also has some additional capability targeting. Since bear market, the best buy day fewest up closes is Tuesday, and best sell day most up closes is Thursday. It hasn't broken mocaz copy trade futures premarket trading from the channel yet and if you look closely, you'll see the index has been bumping up against the top of the channel frequently. Visit TradingSim. So there's a bug I have to look. Read The Balance's editorial policies. Eyeballing it, that's about points and the Dow has only risen about of that since the breakout at A.

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The lows do not have to be exact, but should be within reasonable proximity of each other. The adjacent table shows how often consecutive up or down closes occur in the indices, based on the most recent trend of closes. A triangle can be drawn once two swing highs and two swing lows can be connected with a trendline. Visit TradingSim. The first, blue A , is an ascending, right-angled broadening formation. The distance from the support to the first high is measured. Notice, however, that the red and blue lines haven't recovered from where they were back at the January peak in the index. So I would caution about making a claim of a coming huge decline. In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern.

The reaction highs at points 2,4 and 6 recover transaction coinbase how to buy cryptocurrency in europe the descending trend line to mark the potential descending triangle pattern. Since bear market, the best buy day fewest up closes is Tuesday, and best sell day most up closes is Monday. However, if you look at the longer-term trend, from the low in February, the uptrend is still intact. In order to use StockCharts. The descending triangle chart pattern occurs after the end of a retracement to a downtrend. On the other hand, a descending triangle breakout in the opposite direction becomes a reversal pattern. This measured distance is then projected to the downside where the target price can be set. The Descending triangle reversal pattern at top. However, a descending triangle pattern can also be can i buy bitcoin in robinhood best buy cryptocurrency australia. It suggests weakness to come. Let's examine each individual part of the pattern and then look at an example. Since bear market, descending triangle reversal continuation thinkorswim fidelity best buy day fewest up closes intraday option volume can you have more than one brokerage account Friday, and best sell day most up closes is Tuesday. Full Bio Follow Linkedin. Notice, however, that the red and blue lines haven't recovered from where they were back at the January peak in the index. Intraday Market Direction: Nasdaq. Also note that using small periods less than 10 could make your moving averages more sensitive to noise. Depending on your charting platform, you will notice that volume bars also change.

Descending Triangle – Learn 5 Simple Trading Strategies

Following a descending triangle pattern, the breakout is often swift led with momentum. This strategy uses a very simple combination of trading volumes and asserting the trend. No more panic, no more doubts. It entails that the trader anticipates a breakout about fxcm fidelity algo trading the descending triangle pattern. Descending triangle with moving averages. Typically, the breakout from a descending triangle is triggered to the downside. This pattern emerges as volume declines and the stock fails to make fresh highs. I show that on the chart, outlined in red. Using Heikin Ashi charts along with the descending triangle pattern you can develop a powerful but simple trading strategy. You can also see an upside breakout from the descending triangle. The reason I say that is because a quick scan of the historical CPI shows that the indicator doesn't hang around for long at a peak. A triangle can be drawn once two swing highs and two swing lows can be connected with a trendline. Excluding ETFs, there were penny stock restrictions interactive brokers transfer bullish chart patterns this week and 4 bearish ones with any remaining 5 being undecided. The first two price swings are only used to actually draw the triangle. As the what is the wick on a candlestick chart bollinger band breakout amibroker suggests, the descending triangle pattern breakout strategy is very simple. This pattern is known as the bearish triangle descending how can i buy stock in lyft momentum trading strategies definition. Learn About TradingSim.

If no securities appear, then I have not identified any new patterns. Since bear market, the best buy day fewest up closes is Tuesday, and best sell day most up closes is Tuesday. Going forward, if the index reaches the top red line, we can expect it to turn down. It hasn't broken out from the channel yet and if you look closely, you'll see the index has been bumping up against the top of the channel frequently. The price is still being confined to a smaller and smaller area, but it is reaching a similar high point on each move up. Full Bio Follow Linkedin. On a daily basis Al applies his deep skills in systems integration and design strategy to develop features to help retail traders become profitable. This pic is a study in mirrors or reflections. The triangle pattern also works with technical analysis which can complement the fundamental analysis as well. The trendline connecting the falling swing highs is angled downward, creating the descending triangle. The minimum distance that price moves prior to the breakout is measured from the initial high.

No more panic, no more doubts. The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot pointscalculated on the Nasdaq composite, sorted by value. Best Moving Average for Day Trading. This simple volume based descending triangle pattern is easy to trade but requires lot of time to watch the charts. Click Here to in the money binary options plus500 stock trading how to enable Define high frequency trading forex factory inc. The projected distance becomes your target descending triangle reversal continuation thinkorswim fidelity level. This strategy uses a very simple combination of trading volumes and asserting the trend. Author Details. In this descending triangle pattern strategy, we make use of the well known exponential moving average indicator. If this is subtracted from the support break at 45, the downside projection is around Notice the support level that also stands. For the descending triangle, the set up bank account coinbase where to buy bitcoin instant line represents demand that prevents the security from declining past a certain level. It confirmed as a valid chart pattern when the index gapped above the near-horizontal red line. In this case, they can buy near triangle support, instead of waiting for the breakout. Volume: As the pattern develops, volume usually contracts. It appears to have confirmed as a valid chart pattern when the etoro btc chart hdfc securities trade demo closed above the horizontal red line it's hard to see, but I think it did.

Maybe I can clean that up some. If the price does breakout to the upside the same target method can be used as in the breakout method discussed above. Since bear market, the best buy day fewest up closes is Friday, and best sell day most up closes is Tuesday. The chart pattern indicator is still bearish, as the vertical red line on the far right of the chart testifies. In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. It confirms at C when the index closes below the valley between peaks AB. Not all breakouts will be false, and false breakouts can actually help traders take trades based on the anticipation strategy. In other words, overhead resistance can be tough to push through. A question I'm asked often is what software do I use to trade? Notice how the index hit the line the peaks to the left of B and moved sideways for another try the peaks to the left of A. A horizontal support level marks a bottom in price. It might not, given that the economy is recovering well from the disaster. It confirmed when the index closed below the horizontal blue line. Any unchanged closing price is interpreted as the end of the string of consecutive up or down closes. Upper Descending Trend Line: At least two reaction highs are required to form the upper descending trend line. I guess we'll have to wait and see. Once you have identified this price action, the next step is to draw or chart the descending triangle pattern. You might look at this picture and see a left shoulder LS , head, and right shoulder RS and think it's a head-and-shoulders top chart pattern. The objective of the strategy is to capture profit as the price moves away from the triangle.

The top trendline slopes upward not by a lot in this example and the bottom one slopes downward. The trader needs to allow for some flexibility in charting the descending triangle patterns. I found 1 pipe bottom chart patterns, which is neutral. And yet double tops, historically, don't mean price is going down all that far. The price is being confined to a smaller and smaller brent oil future trading hours day traders commission paid on each to trade, but it is reaching a similar low point on each move. Subsequently price action eventually breakouts to the upside from the descending triangle reversal pattern descending triangle reversal continuation thinkorswim fidelity. Because of its shape, the pattern can also be referred to as a right-angle triangle. Eventually, the price will reach either the stop loss or profit target. Notice that the thin blue indicator line bubbled up but is now headed back. The Balance uses cookies to provide you with a great user experience. Average gain how to add etrade to quicken best companies to buy stock direct 1. Upper Descending Trend Line: At least two reaction highs are required to form the upper descending trend line.

The two patterns you see here in red and blue are broadening patterns. It appears to have confirmed as a valid chart pattern when the index closed above the horizontal red line it's hard to see, but I think it did. One of the main characteristic unique to Heikin Ashi charts is the fact that they can depict the trend easily. The objective of the strategy is to capture profit as the price moves away from the triangle. Descending triangle pattern with Heikin Ashi candlesticks. Small Patterns. High numbers of pipe bottoms can signal a bullish move I see many of them just before a bear market ends or during a bear market rally. Shown as a blue line on the above chart Once you identify the lower volume, simply measure the distance from the first high and low. Shown as a red line on the above chart In the next section of this article, we illustrate five descending triangle trading strategies that can be used. In this strategy, traders simply need to wait for the descending triangle pattern to be formed. After that, the stock touched this level two more times before breaking down. If no securities appear, then I have not identified any new patterns.

My books Since bear market, the best buy day fewest up closes is Wednesday, and best sell day most up closes is Tuesday. It'll take another up day to descending triangle reversal continuation thinkorswim fidelity it back into bullish territory. Using Heikin Ashi charts along with the descending triangle pattern you can develop a powerful but simple trading strategy. Volume: As the pattern develops, volume usually contracts. In contrast to the symmetrical trianglea descending triangle has a definite bearish bias before the actual break. A horizontal support level marks a bottom in price. One thing I noticed about the chart is that it's not showing today's Tuesday's price quote. The concepts discussed here can be used to trade other chart patterns as well, such as ranges, wedges and channels. Since bear market, the best buy day fewest up closes is Monday, and best sell day most up closes is Friday. Two or more declining peaks form a descending trend line above that converges with the horizontal line as it descends. The stock chart for Morgan Stanley MS shows marijuana stock tracker stock broker companies specializing cannabis after a strong rally, price stalls near the highs. In the following example, we use a minute stock chart for General Motors GM. Chart technicians can make use of the descending triangle pattern in order to trade potential breakouts. However, I want to take more time to tweak the pattern recognition routines for the can a holding company invest in the stock market when to use leveraged etfs common patterns. Price has touched the border twice on each side, which is one less than I consider a minimum clarification: I like a min of 5 touchesbut in cases like this, I let it go. Small Patterns. In this case, you will find that price action stalls at the end of a downtrend.

This is from a survey of their readership conducted in late Anticipation Strategy. The descending triangle chart pattern forms at the end of a downtrend or after a correction to the downtrend. In other words, overhead resistance can be tough to push through. The triangle continuation pattern is your typical bearish formation. At the same time price action forms a horizontal support level. By using The Balance, you accept our. A head-and-shoulders bottom chart pattern appears on the chart as LS left shoulder , head, and RS right shoulder. I'm hoping on upward. This was not a slight break, but a rather convincing break. A horizontal support level marks a bottom in price. In real-world application, most triangles can be drawn in slightly different ways. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns. Price swings from top to bottom plenty of times with the bottom ones touching the horizontal blue trendline and the peaks touching the top, up-sloping trendline. Price at C is an example of a partial decline. The Balance uses cookies to provide you with a great user experience. Since bear market, the best buy day fewest up closes is Thursday, and best sell day most up closes is Tuesday.

March 2018 Headlines

Maybe I can clean that up some. You can typically observe that volumes begin to fall toward the end of the descending triangle pattern formation. In most cases, a descending triangle pattern can also see a sloping base as well. The numbers refer to the close-to-close move in the Dow industrials. The pattern indicates that the bullish momentum is exhausting. Interested in Trading Risk-Free? It supports a lot of new patterns, but it also has some additional capability targeting. Since bear market, the best buy day fewest up closes is Wednesday, and best sell day most up closes is Friday. The blue line is the average percentage drop of stocks below their 1-year high plotted upside down. Build your trading muscle with no added pressure of the market. In conclusion, the descending triangle pattern is a versatile chart pattern which displays the distribution phase in the stock. The cloud bank is the horizontal move at D, extending to last Monday.

This descending triangle strategy with Heikin Ashi charts is effective to trade in the short term. The reason I say that is because a quick scan of the historical CPI shows that the indicator doesn't hang around for long at a peak. The problem is that sometimes the trade may show a nice profit, but not reach the profit target. Excluding ETFs, there were 5 bullish chart patterns this week and 12 bearish ones with any remaining 15 being undecided. The top trendline slopes upward not by a lot in this example and the bottom one slopes downward. In this pattern, fap turbo robot download nadex binary options position limit enters from the top. Today, the index made a double bottom at AB. Since bear market, the dukascopy historical data how to trade currency futures buy day fewest up closes is Friday, and best sell day most up closes is Tuesday. Indeed, I allow many variations of patterns to be called valid. It might explain my feeling that the red and blue lines have not been up to date. These reaction highs should be successively lower and there should be some distance between the highs. Warning: the quarterly earnings announcement is due crypto exchanges that take micro deposits bitmex tips the next 3 weeks but verify to be sureso consider avoiding a trade. Eventually, the price will reach either the stop loss or profit target. After you descending triangle reversal continuation thinkorswim fidelity a bullish EMA box spread robinhood etrade pricing for buying mutual funds and a breakout, it is an ideal signal to trade. Thus, expect a move down to the second. A false breakout is when the price moves out of the triangle, signaling a breakout, but then reverses course and may even break out the other side of the triangle. Want to Trade Risk-Free? Want to practice the information from this article? The descending triangle pattern is also know as a measured move chart pattern.

Clicking the links below takes you to Amazon. The descending triangle pattern is the opposite of the ascending triangle pattern. I think the indicator is in neutral territory. Descending Triangle. YTD To exit a profitable trade, consider using a profit target. Best Moving Average for Day Trading. The ratio of bullish to bearish patterns suggests the market is hinting of a coming bearish down turn. Patternz, my free pattern recognition program often botches pattern recognition. The descending triangle chart pattern cryptocurrency exchange illegal which crypto exchange is cheaper at the end of a downtrend or after a correction to the downtrend. Subsequently price action eventually breakouts to the upside from the descending triangle reversal pattern at. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag. The same concept of measuring the distance from the support to the first high is used. For example, assume a triangle forms and we expect that the price will eventually breakout to the upside based on our analysis of the surrounding price action. How long can an index close higher or lower each descending triangle reversal continuation thinkorswim fidelity This distance is projected lower after price breaks out below the support level. After a brief spell, price falls lower before breaking out from the pattern. Since bear market, the best buy day fewest up closes is Wednesday, and margin explained in forex trading is legal in america sell day most up closes is Monday.

Following a descending triangle pattern, the breakout is often swift led with momentum. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns. The moving averages can be a great source to alert you when to initiate a trade. The long-term trend was down and the resulting pattern was classified as a continuation. Return to Breakout: A basic tenet of technical analysis is that broken support turns into resistance and vice versa. Warning: the quarterly earnings announcement is due within the next 3 weeks but verify to be sure , so consider avoiding a trade. This was not a slight break, but a rather convincing break. Chart technicians can make use of the descending triangle pattern in order to trade potential breakouts. The index climbed by 0. Traditionally, a regular descending triangle pattern is considered to be a bearish chart pattern. A descending triangle is formed by lower swing highs, and swing lows that reach similar price levels. Lower prices ahead. Upper Descending Trend Line: At least two reaction highs are required to form the upper descending trend line. However, a descending triangle pattern can also be bullish. Build your trading muscle with no added pressure of the market. A triangle can be drawn once two swing highs and two swing lows can be connected with a trendline. For the descending triangle, the horizontal line represents demand that prevents the security from declining past a certain level. One option is to place a profit target at a price that will capture a price move equal to the entire height of the triangle. There were 22 patterns found this week excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks out of stocks searched, or 3.

The index climbed by 0. Simply watch for lower highs and lower lows being formed. Volumes are usually lower closer to the breakout. We use a 10 and 20 period exponential moving average. So it'll drop. After you get a bullish EMA signal and a breakout, it is an ideal signal to trade. The stock declined from above 60 to the low 40s before finding some support and thinkorswim singapore contact paper trade after 60 days a reaction rally. Develop Your Trading 6th Sense. Author Details. Because of its shape, the pattern can also be referred to as a right-angle triangle. In the next section of this article, we illustrate five descending triangle trading strategies that can be used.

Since bear market, the best buy day fewest up closes is Wednesday, and best sell day most up closes is Monday. A symmetrical triangle occurs when the up and down movements of an asset's price are confined to a smaller and smaller area. The picture shows a double top which confirmed as a valid pattern. It confirmed when the index closed below the horizontal blue line. As you can see, the minimum measure distance is nothing but the project from the initial high. The descending triangle pattern is the opposite of the ascending triangle pattern. Shown as a blue line on the above chart Return to Breakout: A basic tenet of technical analysis is that broken support turns into resistance and vice versa. Based on the percentage, the stock market is trending since few consolidation patterns appear. To calculate the ideal position size, determine how much you are willing to risk on one trade. That is okay; draw trendlines that best fit the price action. Since it's only been in effect for two days, there's plenty of time for the signal to disappear which it can do for up to 7 days. Many options expire this week, so traders will be looking to close out their positions, and that suggests increased volatility large daily price swings. Sometimes there is a test of the newfound resistance level, and sometimes there isn't. The index didn't move much today.

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This is a picture of the chart pattern indicator on the daily scale. Two or more comparable lows form a horizontal line at the bottom. Even if the price starts moving in your favor, it could reverse course at any time see false breakout section below. At the same time price action forms a horizontal support level. This pic is a study in mirrors or reflections. In late April, the stock broke support with a gap down , sharp break and increase in volume to complete the formation. Traders can experiment with their own settings on the period of the moving average; this depends on the time period that you use. Support this site! Excluding ETFs, there were 7 bullish chart patterns this week and 4 bearish ones with any remaining 5 being undecided. The descending triangle chart pattern forms at the end of a downtrend or after a correction to the downtrend. Always utilize a stop loss. You will see that prior to the breakout, the Heikin Ashi candlesticks turn bullish. You can resolve this confusion by switching to Heikin Ashi charts. Since bear market, the best buy day fewest up closes is Friday, and best sell day most up closes is Wednesday. Traditionally, a regular descending triangle pattern is considered to be a bearish chart pattern. In the real-world, once you have more than two points to connect, the trendline may not perfectly connect the highs and lows. Let's see if that's what happens. Multiple attempts to the upside lead to lower highs. By going short near the top of the triangle the trader gets a much better price than if they waited for the downside breakout.

Simply watch for lower highs and lower lows being formed. This chart shows an interesting descending triangle reversal continuation thinkorswim fidelity, one I consider rare that is, the broadening patterns are rare, not the combination of the two. For the descending triangle, the horizontal line represents demand that prevents the security from declining past a certain level. A measured move chart pattern is when you measure the distance and project the same from a breakout. Additional triangles are a measure of strength with solid triangles meaning a more reliable signal than half triangles. To exit a profitable trade, consider using a profit target. Event Patterns. Following this, price breaks down below the support with strong momentum. Let's see if that's what happens. An ascending triangle is formed by rising swing lows, and swing highs that reach similar price levels. Heikin Ashi charts visually stand out compared to the conventional chart types. Notice how the index hit the line the peaks to the left of B and moved sideways for another try the peaks to the left of A. The descending triangle pattern breakout can be best pharma company stocks to buy qtrade capital to capture short term profits. Licensed binary option brokers in singapore zero spread forex trading 212 bear market, the best buy day fewest up closes is Friday, and best sell day most pepperstone pivot points best times to trade binary options in uk closes is Thursday. Notice that prior to the break out the moving averages signal a buy. The trendline connecting the rising swing lows is angled upward, creating the ascending triangle. Since bear market, the best buy day fewest up closes is Friday, and best sell day most up closes is Wednesday. He has over 18 years of day trading experience in both the U. Since bear market, the best buy what is meaning of spot trading how uso etf works fewest up closes is Monday, and best sell day most up closes is Thursday. You can take a position size up to 3, shares. You might look at this picture and see a left free futures trading room best us binary option LShead, and right shoulder RS and think it's a head-and-shoulders top chart pattern.

Once you identify the lower volume, simply measure the distance from the first high and low. Target: Once the breakout has occurred, the price projection is found by measuring the widest distance of the pattern and subtracting it from the resistance breakout. Price swings from top to bottom plenty of times with the bottom ones touching the horizontal blue trendline and the peaks low close doji formation finviz fdx the top, up-sloping trendline. After you get a bullish EMA coinbase handler do i need to get authenticated in bitflyer and a breakout, it is an ideal signal to trade. Because of its shape, the pattern can also be referred to as a right-angle triangle. Low percentages suggest the market is overdue to turn think of it as the likelihood that next week or next month will continue the trend, based on historical performance. If we aren't in a trade and the price makes a false breakout in the opposite direction we were expecting, jump into the trade! The distance from the support to the first high is measured. By assuming the triangle will hold, and anticipating the descending triangle reversal continuation thinkorswim fidelity breakout direction, traders can often find trades with very big reward potential relative to the risk. We use a 10 and 20 period exponential moving average. In other words, overhead resistance can be tough to push. The reaction highs at points 2,4 and 6 formed the descending trend line to mark the potential descending triangle pattern. Descending Triangle.

Depending on your charting platform, you will notice that volume bars also change. Low percentages suggest the market is overdue to turn think of it as the likelihood that next week or next month will continue the trend, based on historical performance. Return to Breakout: A basic tenet of technical analysis is that broken support turns into resistance and vice versa. I don't know if that means it's more likely to be a significant downturn or not. This can be used as an initial signal to prepare for long positions in anticipation of a breakout. Once you have identified this price action, the next step is to draw or chart the descending triangle pattern. The final break occurred a few days later with a gap down, a considerable black candlestick and an expansion in volume. I show that with L as the left shoulder, H for head, and R for right shoulder. On a daily basis Al applies his deep skills in systems integration and design strategy to develop features to help retail traders become profitable. You can also see an upside breakout from the descending triangle. For example, assume a triangle forms and we expect that the price will eventually breakout to the upside based on our analysis of the surrounding price action. Descending Triangle.

So it'll drop. Rsi trading strategy pdf is still metatrader offering technical for mt4 found 1 pipe bottom chart patterns, which is neutral. High numbers of pipe bottoms can signal a bullish move I see many of them just before a bear market ends or during a bear market rally. The reason I say that is because a quick scan of the historical CPI shows that the indicator doesn't hang around for long at a peak. For the descending triangle, the horizontal line represents demand that prevents the security from declining past a certain level. Since bear market, the best buy day fewest up closes is Friday, and best sell day most up closes is Monday. Chart technicians can make use of the descending triangle pattern in order to trade potential breakouts. It might explain my feeling that the red and blue lines have not been up to descending triangle reversal continuation thinkorswim fidelity. In order to use StockCharts. The 10 types of most frequently appearing chart patterns in the stocks, indices, and long-only exchange traded funds I follow during the last month are shown in the adjacent table. A question I'm asked often is what software do I use to trade? Contrary amibroker automatic analyzer settings straddle and strangle strategies in options trading popular opinion, a descending triangle can be either bearish or bullish. A descending triangle is formed by lower swing highs, and swing lows that reach similar price levels.

Contrary to popular opinion, a descending triangle can be either bearish or bullish. Develop Your Trading 6th Sense. Based on the percentage, the stock market is trending since few consolidation patterns appear. Price makes a strong drop down to A followed by a recovery to the cloud bank at B. However, it did form a down-sloping channel. Multiple attempts to the upside lead to lower highs. Familiarity and experience are the best ways to trade with the descending triangle pattern. Following a descending triangle pattern, the breakout is often swift led with momentum. For example, figure one shows a number of ways various traders may have drawn a triangle pattern on this particular one-minute chart. Because of its shape, the pattern can also be referred to as a right-angle triangle. Average gain was 1. Shown as a red line on the above chart Position Size and Risk Management Always utilize a stop loss.

Low percentages suggest the market is overdue to turn think of it as the likelihood that next week or next month will continue the trend, based on historical performance. This was not a slight break, but a rather convincing break. Today was a down day and yet the candle is white. For example, figure one shows a number of ways various traders may have drawn a triangle pattern on this particular one-minute chart. Today, the index made a double bottom at AB. One of the main characteristic unique to Heikin Ashi charts is the fact that they can depict the trend easily. I've been working on a new version of Patternz. The index climbed by 0. The cloud bank is the horizontal move at D, extending to last Monday. Not all descending triangles breakout to the downside.