The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Bearish continuation pattern.
Consolidation. Can break either way.
Technical analysis of Duke Energy (DUK) reveals a significant setup. With a last close of $123.86, volatility remains active (0.11%). Algorithmically, a Bearish Flag structure has completed. Volume is strong (1.26x avg) with moderate trend strength (6.4). A potential breakout level is identified at $119.76, targeting $106.54 with support near $126.97 (R:R 1.83).
What is your outlook on DUK?