Descending Triangle Top Reversal

Original link: https://muyexi.im/xia-jiang-san-jiao-xing-ding-bu-fan-zhuan/

The descending triangle is often seen as a relay pattern, but sometimes it also appears as a top reversal pattern. Here are two examples:

Gold-Daily-83 Days

XAUUSD_2023-09-28_22-54-45_b61b1

Soybean meal-2 hours-11 days

ZM1-_2023-09-28_22-59-32_9a623

Features

  1. The top keeps lowering and the moving averages are dense.
  2. At the end of the moving average or structure, pay attention to the reaction of the previous high price.
  3. Small levels are waiting for signs of top or entry below the moving average.

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