The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Bullish continuation pattern.
Consolidation. Can break either way.
Market participants tracking Charles Schwab Corporation should note the latest formation. Currently at $98.38, the asset is showing upward momentum (1.64%). Price action has carved out a classic Ascending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $99.06, targeting $108.12 with support near $90.0 (R:R 1.0).
What is your outlook on SCHW?