Descending Tops

Descending Tops  are a series of peaks displayed on a stock chart, each peak is lower than the previous one.

Descending Tops

Descending Tops  are a series of peaks displayed on a stock chart, each peak is lower than the previous one.


Descending Tops Identification

A trend line is drawn on a stock chart through each price peak; each peak is lower then the previous peak resulting in a bearish trend line.

Illustration of Descending Tops

Descending Tops Interpretation

Descending Tops signals a bearish trend in the security. The bearish trend will only end once the price penetrates the trend line.

Breakout from Descending Tops trend line

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