The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
A clear signal has emerged for Waste Management (WM) on the daily chart. Price has moved to $227.09 (-1.69%) amidst recent volatility. Algorithmically, a Descending Triangle structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $219.1, targeting $191.05 with support near $236.12 (R:R 1.65).
What is your outlook on WM?