Momentum is building with this Descending Triangle. See the live chart action.
Bearish continuation pattern.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
A clear signal has emerged for United Parcel Service (UPS) on the daily chart. With a last close of $103.22, volatility remains active (1.18%). Algorithmically, a Rounding Bottom structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $115.62, targeting $137.18 with support near $104.84 (R:R 2.0).
What is your outlook on UPS?