bottoming out.
After the third period, it is likely to reverse the trend by
breaking out.
Descending triangle
This is similar to the ascending triangle but is bearish rather than bullish. It
indicates that the current downward trend is likely to continue. It can
occasionally be seen during a reversal but is much more likely to be a
continuation.
Inverse head and shoulders
The inverse head and shoulders consists of 3 low points always returning to
the same higher price. The lowest point is considered the head while the
shoulders are a pair of low points that are equal to one another. After the
second shoulder, a breakout is likely to occur that will pick up volume as it
goes.
Bullish triangle
This is a symmetrical triangle pattern that can
be easily determined by a
pair of trend lines that converge at a point. The lower trend line tracks
support while the upper tracks resistance. Once the price breaks through the
upper line then you know that a breakout has occurred that will rapidly pick
up both steam and volume.