Description: Two or more equal lows forming a horizontal line at the bottom; two or more declining peaks forming a descending line that meets the horizontal line. It typically forms in a downtrend (bearish).
Trade: Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom trendline of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle.
Example: TNB emerging from Descending Triangle:
