Descending Tops

Descending Tops
A pattern in charts where each peak in price is lower then the previous peak in price. The pattern signals a bearish trend in the security.

Descending Tops


The above is an example of descending tops.

If the current peak in the price is higher then the previous peak in a descending top environment, the trend is broken and this is a bullish signal.


Investment dictionary. . 2012.

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