Point and Figure Descending Triangle Down

Descending Triangle Down

An Descending Triangle Down occurs when the low box of bar 0 is exactly two boxes lower than the low box of two bars ago, the low box of two bars ago equals the low box of four bars ago, the low box of four bars ago equals the low box of six bars ago, the high box of one bar ago is exactly two boxes lower than the high box of three bars ago, and the high box of three bars ago is exactly two boxes lower than the high box of five bars ago.


Reference: Kaufman, Perry J.. The New Commodity Trading Systems and Methods. New York, New York: John Wiley & Sons, 1987.