Traders are watching this Descending Triangle on TMUS. Inspect the chart now.
Bearish continuation pattern.
Sideways movement between parallel supports.
Traders are watching T-Mobile US (TMUS) as price action tightens. Price has moved to $190.29 (0.07%) amidst recent volatility. Price action has carved out a classic Descending Triangle. Volume is average (0.24x avg) with moderate trend strength (19.6). A potential breakout level is identified at $182.01, targeting $157.24 with support near $196.24 (R:R 1.74).
What is your outlook on TMUS?