Live monitoring of the Descending Triangle setup on EA. See where price is heading.
Bearish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
A clear signal has emerged for Electronic Arts (EA) on the daily chart. Price has moved to $201.66 (0.03%) amidst recent volatility. Algorithmically, a Bearish Flag structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $199.45, targeting $192.24 with support near $201.74 (R:R 3.15).
What is your outlook on EA?