The Ascending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation pattern.
Consolidation. Can break either way.
Traders are watching Arch Capital Group (ACGL) as price action tightens. Price has moved to $96.5 (-0.35%) amidst recent volatility. Algorithmically, a Ascending Triangle structure has completed. Volume is average (0.32x avg) with moderate trend strength (35.9). A potential breakout level is identified at $99.16, targeting $106.88 with support near $92.79 (R:R 1.21).
What is your outlook on ACGL?