Live monitoring of the Diamond setup on PSX. See where price is heading.
Indecision. Widening then narrowing range.
Market participants tracking Phillips 66 should note the latest formation. Price has moved to $176.21 (0.32%) amidst recent volatility. Price action has carved out a classic Diamond. This setup is supported by average volume turnover. A potential breakout level is identified at $190.61, targeting $232.08 with support near $169.88 (R:R 2.0).
What is your outlook on PSX?