Use advanced tools to confirm the Ascending Triangle on VZ before you trade.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
Reversal pattern after a downtrend.
Consolidation. Can break either way.
VZ is showing interesting structural developments at $49.4. With a last close of $49.4, volatility remains active (0.02%). Price action has carved out a classic Double Bottom. This setup is supported by average volume turnover. A potential breakout level is identified at $51.68, targeting $54.83 with support near $50.1 (R:R 2.0).
What is your outlook on VZ?