Extending triangle

Extending triangle does not occur frequently and is likely to be detected at tops and bottoms after lengthy price moves. Again, a minimum of two tracking points for each trend line is needed before a breakout.

Example of an extending "triangle"

Descending Triangles

Descending Triangles is a bearish continuation pattern indicating distribution consisting of two or more comparable lows forming a horizontal line at the bottom. Descending triangles are bearish patterns that indicate distribution. The definitive bearish signal of a descending triangle is when support on the lower rung of the triangle is broken.

Example of descending "triangle"