The Bearish Flag is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation if preceding move was down.
Consolidation. Can break either way.
Sideways movement between parallel supports.
Bearish continuation pattern.
Gradual reversal from bearish to bullish.
XYL is showing interesting structural developments at $111.42. Price has moved to $111.42 (1.02%) amidst recent volatility. The primary technical feature is a Bearish Flag formation. This setup is supported by strong volume turnover. A potential breakout level is identified at $106.54, targeting $81.75 with support near $113.08 (R:R 3.79).
What is your outlook on XYL?