A clean Descending Triangle often precedes a big move. Validate your entry.
Bearish continuation pattern.
MDT is showing interesting structural developments at $88.12. Price has moved to $88.12 (0.14%) amidst recent volatility. Price action has carved out a classic Descending Triangle. The trend indicator is reading 21.9/100, suggesting moderate momentum. A potential breakout level is identified at $84.92, targeting $72.9 with support near $88.84 (R:R 3.07).
What is your outlook on MDT?