Use advanced tools to confirm the Rising Wedge on MPC before you trade.
Reversal pattern. Price likely to break downwards.
Bullish continuation if preceding move was up.
Indecision. Widening then narrowing range.
A clear signal has emerged for Marathon Petroleum (MPC) on the daily chart. The stock is trading at $251.19, down 2.78% on the day. The primary technical feature is a Diamond formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $264.14, targeting $318.44 with support near $236.99 (R:R 2.0).
What is your outlook on MPC?