Definition
Price keeps making lower highs and lower lows, but the range narrows, which shows selling pressure fading. A break above the upper trendline is the signal traders watch for.
Academy › Glossary › Chart Patterns
Two converging downward-sloping lines, often read as a bullish reversal.
Price keeps making lower highs and lower lows, but the range narrows, which shows selling pressure fading. A break above the upper trendline is the signal traders watch for.
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