“Descending Triangle” Classical Chart Pattern Stock Screener

---

This post focuses on customizable factory scans associated with Descending Triangle classical chart pattern. These factory scans can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.

---

Display recent Descending Triangle classical chart patterns

Tags: Descending triangle pattern; Confirmed descending triangle pattern

List symbols where pattern is Descending Triangle

Add Column Descending Triangle Status as Status
Add Column Descending Triangle Target as Target
Add Column Descending Triangle Date as Date

Apply to NSE

Plot

This scan identifies NSE symbols that have recently formed a Descending Triangle.

The output report includes the current status of the pattern, indicating whether it is confirmed or unconfirmed, and if the target has been achieved.

Additionally, it displays the Descending Triangle’s target level and the date when the pattern was triggered.

---

---

Confirmed Descending Triangle classical chart patterns

This scan specifically identifies confirmed Descending Triangles.

List symbols where pattern is Descending Triangle
and Descending Triangle Status = Confirmed

Add Column Descending Triangle Status as Status
Add Column Descending Triangle Target as Target
Add Column Descending Triangle Date as Date

Apply to NSE

Plot

---

For insights into the Descending Triangle classical chart pattern, including the psychology underlying the pattern, and how to trade the pattern, as well as an exploration of its advantages and limitations as a tool, click here.