ETN is showing a classic Ascending Triangle. Don't miss the move.
Bullish continuation pattern.
Traders are watching Eaton Corporation (ETN) as price action tightens. Currently at $421.77, the asset is showing upward momentum (2.96%). Algorithmically, a Ascending Triangle structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $426.59, targeting $485.54 with support near $375.04 (R:R 1.14).
What is your outlook on ETN?