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<font>'''Featured Article'''</font> <font>'''Featured Article'''</font>
-[[Image:DarkCloud.jpg|left|130px|]]+[[Image:DesTriangle.jpg|left|130px|]]
-[[Dark Cloud Cover]] is a bearish reversal signal. In an uptrend, a long green [[Japanese Candlestick charting|candlestick]] is followed by a long red candlestick that opens above the prior green candlestick's high. The second candlestick must close well into the first candlestick’s real body.+A Descending Triangle forms exactly the same way as it's cousin the [[Ascending triangle]], only upside down and as part of a downward trend.
-The large green candle casts a dark cloud over the preceding bullish trend. To create this pattern, the following candle must open at a new high and must close below the midpoint of the body of the preceding candle.+The converging trendlines this time comprise of a horizontal lower line, which indicates that the lowest current price is continually being hit. Where as the upper line this time is sloping downwards indicating lower highs on each candle. This pattern, being found in a downtrend, is regarded as [[Bearish]].
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Revision as of 12:30, 1 August 2005

Traderpedia

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Featured Article

A Descending Triangle forms exactly the same way as it's cousin the Ascending triangle, only upside down and as part of a downward trend.

The converging trendlines this time comprise of a horizontal lower line, which indicates that the lowest current price is continually being hit. Where as the upper line this time is sloping downwards indicating lower highs on each candle. This pattern, being found in a downtrend, is regarded as Bearish.

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