Live monitoring of the Rectangle setup on TFC. See where price is heading.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
TFC is showing interesting structural developments at $48.33. Price has moved to $48.33 (0.33%) amidst recent volatility. Price action has carved out a classic Descending Triangle. The trend indicator is reading 0.9/100, suggesting moderate momentum. A potential breakout level is identified at $46.24, targeting $40.41 with support near $52.07 (R:R 1.0).
What is your outlook on TFC?