A clean Rectangle often precedes a big move. Validate your entry.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Bullish continuation pattern.
Consolidation. Can break either way.
A clear signal has emerged for Public Service Enterprise Group (PEG) on the daily chart. With a last close of $79.89, volatility remains active (0.62%). Price action has carved out a classic Rounding Bottom. This setup is supported by average volume turnover. A potential breakout level is identified at $81.66, targeting $87.93 with support near $78.53 (R:R 2.0).
What is your outlook on PEG?