Live monitoring of the Rectangle setup on EW. See where price is heading.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Bullish continuation pattern.
A clear signal has emerged for Edwards Lifesciences (EW) on the daily chart. Currently at $87.36, the asset is showing upward momentum (0.78%). The primary technical feature is a Rounding Bottom formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $89.6, targeting $102.71 with support near $83.04 (R:R 2.0).
What is your outlook on EW?