The Bearish Flag is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation if preceding move was down.
Gradual reversal from bearish to bullish.
A clear signal has emerged for Arch Capital Group (ACGL) on the daily chart. Price has moved to $91.18 (-1.29%) amidst recent volatility. Price action has carved out a classic Bearish Flag. The trend indicator is reading 15.4/100, suggesting moderate momentum. A potential breakout level is identified at $87.05, targeting $74.42 with support near $93.41 (R:R 1.99).
What is your outlook on ACGL?