What Does Descending Triangle Commodities Trading Chart Pattern Mean?

Descending Triangle Commodities Trading Chart Pattern

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

Descending triangle commodity chart 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 commodity chart 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 price will continue moving downwards.

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 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 chart pattern during its downward commodity trend which led to further selling and continuation of the commodity downward market trend.

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