Descending Tops
A pattern in charts where each peak in price is lower then the previous peak in price. The pattern signals a bearish trend in the security.
The above is an example of descending tops.
Investopedia Commentary
If the current peak in the price is higher then the previous peak in a descending top environment, the trend is broken and this is a bullish signal.
Related Links
Peak-and-Trough Analysis
Introduction To Technical Analysis
Price Patterns - Part 1
Continuation Patterns - Part 1
See also: Ascending Tops, Pattern, Technical Analysis, Trend
descending tops
