Traders are watching this Broadening Formation on NOW. Inspect the chart now.
Expanding volatility. Sign of instability.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
Traders are watching ServiceNow (NOW) as price action tightens. Currently at $87.79, the asset is showing downward momentum (-1.43%). Algorithmically, a Double Bottom structure has completed. Volume is strong (1.27x avg) with moderate trend strength (40.0). A potential breakout level is identified at $126.67, targeting $172.1 with support near $103.95 (R:R 2.0).
What is your outlook on NOW?