Charts with a horizontal pattern setup are more reliable than those with a diagonal setup, says Aksel Kibar, CMT, founder of Tech Charts Research & Education Services. When a breakout takes place ...

A descending triangle is a chart pattern used in technical analysis created by drawing one trend line connecting a series of lower highs and a second horizontal trend line connecting a series of lows.

A horizontal channel is a technical pattern with trend lines connecting pivot highs and lows, indicating a price range where buying and selling pressures are equal, causing sideways movement.