Descending Tops

Posted in Finance, Accounting and Economics Terms, Total Reads: 280
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Definition: Descending Tops

It is the pattern on the stock charts where each highest point (peak) in price is lower than the previous peak.

This pattern signifies a bearish trend.


Find below is a representation of descending tops:


 

If the existing peak in price is higher than the previous peak then the trend is broken and it signifies a bullish trend.

 



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