A clean Rectangle often precedes a big move. Validate your entry.
Sideways movement between parallel supports.
Bearish continuation pattern.
A clear signal has emerged for McKesson Corporation (MCK) on the daily chart. With a last close of $750.63, volatility remains active (-3.74%). Algorithmically, a Descending Triangle structure has completed. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $722.88, targeting $645.4 with support near $800.36 (R:R 1.0).
What is your outlook on MCK?