Talking about the Descending Triangle Pattern and how to use it in this video. The Descending Triangle is an easy to spot pattern for Day Traders. You can use this pattern to go Long or look to cover your short if the stock wants to go higher. I used the Descending Triangle yesterday on HTZ to time my exit on Short Position as the stock couldn’t go lower. Learning different chart patterns will help you as a Day Trader identify key Patterns to time you entries and exits.
Descending Triangle
PATRICK WIELAND 