ABT is showing a classic Bearish Flag. Don't miss the move.
Bearish continuation if preceding move was down.
Consolidation. Can break either way.
Sideways movement between parallel supports.
Bearish continuation pattern.
Gradual reversal from bearish to bullish.
ABT is showing interesting structural developments at $88.41. Currently at $88.41, the asset is showing downward momentum (-0.1%). Algorithmically, a Bearish Flag structure has completed. Volume is average (0.86x avg) with moderate trend strength (16.4). A potential breakout level is identified at $85.28, targeting $61.93 with support near $91.58 (R:R 3.71).
What is your outlook on ABT?