Technical indicators signal a Rectangle forming. Verify the setup on the chart.
Sideways movement between parallel supports.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
CLX is showing interesting structural developments at $104.44. Currently at $104.44, the asset is showing upward momentum (1.02%). Algorithmically, a Bearish Flag structure has completed. The trend indicator is reading 5.4/100, suggesting moderate momentum. A potential breakout level is identified at $100.16, targeting $71.42 with support near $108.89 (R:R 3.29).
What is your outlook on CLX?