The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Bearish continuation pattern.
Consolidation. Can break either way.
CTVA is showing interesting structural developments at $78.59. The stock is trading at $78.59, up 1.58% on the day. The primary technical feature is a Bearish Flag formation. This setup is supported by strong volume turnover. A potential breakout level is identified at $74.42, targeting $63.41 with support near $79.05 (R:R 2.38).
What is your outlook on CTVA?