Live monitoring of the Rectangle setup on ED. See where price is heading.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
Market participants tracking Consolidated Edison should note the latest formation. Currently at $106.36, the asset is showing downward momentum (-0.64%). Our AI has detected a valid Descending Triangle pattern. Volume is average (0.72x avg) with moderate trend strength (4.9). A potential breakout level is identified at $102.82, targeting $96.22 with support near $109.42 (R:R 1.0).
What is your outlook on ED?