Descending Tops

What Does Descending Tops Mean?
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 explains Descending Tops
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 Terms

Ascending Tops
Pattern
Technical Analysis
Trend
More Related Terms

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