Royal Bank of Canada (RY: NYSE) Prices have broken above a bottom triangle reversal pattern. Royal Bank of Canada (RY: NYSE) Prices have broken above a bottom triangle reversal pattern.

Descending Triangle Reversal Pattern—Bottom The descending triangle reversal pattern at the bottom end of a downtrend is where the price action stalls and a horizontal support level mark a bottom.

A double bottom, on the other hand, is bullish, and tends to indicate a weak stock is gaining momentum. Triangle patterns can be bullish, bearish or inconclusive. The defining aspect of an ...

There are two developing patterns that are being watched closely. First, there is an expanding triangle at the bottom of the downtrend. The two trendlines on the border of the pattern are heading ...