The Symmetrical Triangle is just one piece of the puzzle. See the full technical breakdown.
Consolidation. Can break either way.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
Sideways movement between parallel supports.
Reversal pattern. Price likely to break downwards.
Market participants tracking Regions Financial Corporation should note the latest formation. With a last close of $28.62, volatility remains active (-0.1%). Price action has carved out a classic Bullish Flag. Volume is strong (1.77x avg) with moderate trend strength (17.4). A potential breakout level is identified at $29.59, targeting $34.39 with support near $28.41 (R:R 4.07).
What is your outlook on RF?