ITW

Illinois Tool WorksIndustrials

$272.25-0.82%

Descending Triangle Symmetrical Triangle

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$272.25

FEBMARAPR

Don't Miss ITW

Momentum is building with this Descending Triangle. See the live chart action.

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Quick Actions

Trade Plan: Descending Triangle

Risk/Reward

1:1.57

Entry

$253.97

Stop

$274.78

Target

$221.27

Chart Pattern

Descending Triangle

Bearish continuation pattern.

Symmetrical Triangle

Consolidation. Can break either way.

Market Analysis

Traders are watching Illinois Tool Works (ITW) as price action tightens. Price has moved to $272.25 (-0.82%) amidst recent volatility. The primary technical feature is a Descending Triangle formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $253.97, targeting $221.27 with support near $274.78 (R:R 1.57).

Community Sentiment

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Peer Analysis

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Pattern Peers

Cl Descending Triangle Kdp Descending Triangle Ada Descending Triangle Chtr Descending Triangle Xtz Descending Triangle