ajtj99's Market Pulse

[The Freep]

From stockcharts...

The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns


http://www.stockcharts.com/education/ChartAnalysis/triangle-Descending.html

Ironically, the chart they show below that looks like a descending triangle at a high!