A clean Descending Triangle often precedes a big move. Validate your entry.
Bearish continuation pattern.
Reversal pattern. Price likely to break upwards.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
AXP is showing interesting structural developments at $309.52. The stock is trading at $309.52, down 0.1% on the day. Price action has carved out a classic Rounding Bottom. This setup is supported by average volume turnover. A potential breakout level is identified at $339.98, targeting $389.91 with support near $315.02 (R:R 2.0).
What is your outlook on AXP?