The Falling Wedge is just one piece of the puzzle. See the full technical breakdown.
Reversal pattern. Price likely to break upwards.
Bearish continuation pattern.
Reversal pattern after a downtrend.
Technical analysis of Steris (STE) reveals a significant setup. Currently at $202.61, the asset is showing upward momentum (1.61%). Algorithmically, a Double Bottom structure has completed. The trend indicator is reading 33.2/100, suggesting moderate momentum. A potential breakout level is identified at $219.33, targeting $244.09 with support near $206.94 (R:R 2.0).
What is your outlook on STE?