Will the Rectangle hold or fail? Plot your targets on the chart.
Sideways movement between parallel supports.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
CPRT is showing interesting structural developments at $33.29. Price has moved to $33.29 (0.12%) amidst recent volatility. Price action has carved out a classic Bearish Flag. This setup is supported by average volume turnover. A potential breakout level is identified at $32.24, targeting $22.65 with support near $34.05 (R:R 5.3).
What is your outlook on CPRT?