Pattern
Descending Triangle
QUICK DEFINITION
Descending Triangle in Elliott Wave Theory: A triangle variation with a flat lower boundary and declining upper boundary. The horizontal support acts as a floor while the highs compress downward. Often seen in bearish Wave 4 positions.
What Descending Triangle Means
A triangle variation with a flat lower boundary and declining upper boundary. The horizontal support acts as a floor while the highs compress downward. Often seen in bearish Wave 4 positions.
Where You'll See It
Descending Triangle appears regularly in Artavest's weekly wave-count analysis across 108 US stocks and ETFs. It's part of the pattern family of Elliott Wave concepts and shows up most often when analysts are identifying a specific wave pattern (diagonal, ending diagonal, leading diagonal, triangle subtype, etc.).
LEARN MORE
- → Elliott Wave Theory Guide — the 5-3 pattern, rules, Fibonacci, wave degrees
- → Elliott Wave Cheat Sheet — the 3 absolute rules and 6 Fibonacci relationships
- → Our Methodology — how Artavest analysts count waves on 108 US instruments