A clean Symmetrical Triangle often precedes a big move. Validate your entry.
Consolidation. Can break either way.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
Sideways movement between parallel supports.
Reversal pattern. Price likely to break downwards.
Market participants tracking DuPont should note the latest formation. Price has moved to $47.71 (-0.5%) amidst recent volatility. Price action has carved out a classic Bullish Flag. The trend indicator is reading 6.9/100, suggesting moderate momentum. A potential breakout level is identified at $49.56, targeting $57.24 with support near $44.93 (R:R 1.66).
What is your outlook on DD?