Live monitoring of the Rectangle setup on AWK. See where price is heading.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
AWK is showing interesting structural developments at $125.07. Currently at $125.07, the asset is showing downward momentum (-0.27%). Price action has carved out a classic Descending Triangle. Volume is average (1.05x avg) with moderate trend strength (7.5). A potential breakout level is identified at $120.57, targeting $112.4 with support near $128.74 (R:R 1.0).
What is your outlook on AWK?