A clean Rectangle often precedes a big move. Validate your entry.
Sideways movement between parallel supports.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Consolidation. Can break either way.
A clear signal has emerged for Public Service Enterprise Group (PEG) on the daily chart. Price has moved to $82.05 (0.97%) amidst recent volatility. Algorithmically, a Bearish Flag structure has completed. Volume is average (0.81x avg) with moderate trend strength (17.3). A potential breakout level is identified at $79.15, targeting $69.5 with support near $84.47 (R:R 1.81).
What is your outlook on PEG?