What Does Descending Triangle Commodities Pattern Mean?

Descending Triangle Commodity Trading Chart Pattern

The descending triangle commodity chart pattern in commodity is formed in a downward commodity trend and it shows that downwards direction of commodities trading price movement is going to continue.

Descending triangle commodity pattern is a continuation commodity chart pattern that signals the current downwards commodity market commodity trend is going to continue.

Descending triangle commodity chart pattern is also known as falling wedge commodities trading pattern.

Descending triangle commodity chart pattern shows that there is a support level that the sellers keep pushing each time moving this support level lower, and once it breaks commodities trading price will continue to move downward.

A downside penetration of the lower line of the descending triangle commodity chart pattern is a technical sell commodity signal for a market breaking down from a descending triangle, and this indicates selling will follow.

What Happens To Commodity Trading Price Action After Falling Wedge Descending Triangle Commodities Trading Chart Pattern in Commodities?

The commodity market formed a descending triangle commodity pattern during its downwards commodity trend which led to further selling and continuation of the commodity downward market trend.

The technical sell commodity signal is when commodities trading price breaks out the lower horizontal sloping line of the descending triangle pattern and selling resumes to push the commodities market price lower - continuation of the downwards commodities trend.