A clean Rectangle often precedes a big move. Validate your entry.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Bearish continuation pattern.
PEP is showing interesting structural developments at $142.02. Price has moved to $142.02 (0.3%) 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 $139.26, targeting $120.16 with support near $147.64 (R:R 2.28).
What is your outlook on PEP?