The Ascending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation pattern.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
ACGL is showing interesting structural developments at $103.36. Currently at $103.36, the asset is showing upward momentum (3.26%). Algorithmically, a Rounding Bottom structure has completed. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $105.09, targeting $123.13 with support near $96.07 (R:R 2.0).
What is your outlook on ACGL?