Live monitoring of the Descending Triangle setup on EW. See where price is heading.
Bearish continuation pattern.
Reversal pattern. Price likely to break upwards.
A clear signal has emerged for Edwards Lifesciences (EW) on the daily chart. Price has moved to $78.2 (0.1%) amidst recent volatility. The primary technical feature is a Descending Triangle formation. The trend indicator is reading 29.2/100, suggesting moderate momentum. A potential breakout level is identified at $77.2, targeting $67.84 with support near $82.77 (R:R 1.68).
What is your outlook on EW?