A continuation pattern with a flat lower support line and a falling upper resistance line. Recognizing this pattern reliably takes practice, and most traders combine it with volume, momentum, or a clear breakout confirmation before acting on it.
A continuation pattern with a flat lower support line and a falling upper resistance line. Recognizing this pattern reliably takes practice, and most traders combine it with volume, momentum, or a clear breakout confirmation before acting on it.
It typically signals building selling pressure ahead of a breakdown. At the intermediate level, this becomes increasingly relevant as traders begin refining strategies, tightening risk controls, and reading the market more critically.
Often resolves with a downside breakout below support. It shows up in day-to-day trading through price charts, broker platform data, or news commentary, and recognizing it quickly can meaningfully shape decision-making in the moment.
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