A clean Falling Wedge often precedes a big move. Validate your entry.
Reversal pattern. Price likely to break upwards.
Expanding volatility. Sign of instability.
Reversal pattern after a downtrend.
Market participants tracking Cboe Global Markets should note the latest formation. Currently at $249.1, the asset is showing downward momentum (-2.19%). The primary technical feature is a Double Bottom formation. The trend indicator is reading 57.5/100, suggesting moderate momentum. A potential breakout level is identified at $370.4, targeting $493.85 with support near $308.68 (R:R 2.0).
What is your outlook on CBOE?