A clean Ascending Triangle often precedes a big move. Validate your entry.
Bullish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Traders are watching Cboe Global Markets (CBOE) as price action tightens. The stock is trading at $289.95, up 3.45% on the day. Algorithmically, a Ascending Triangle structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $305.68, targeting $339.21 with support near $272.15 (R:R 1.0).
What is your outlook on CBOE?