A clean Rectangle often precedes a big move. Validate your entry.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
PFE is showing interesting structural developments at $27.11. The stock is trading at $27.11, down 0.84% on the day. Algorithmically, a Descending Triangle structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $26.2, targeting $23.65 with support near $28.75 (R:R 1.0).
What is your outlook on PFE?