Technical indicators signal a Descending Triangle forming. Verify the setup on the chart.
Bearish continuation pattern.
Sideways movement between parallel supports.
COF is showing interesting structural developments at $181.92. Currently at $181.92, the asset is showing downward momentum (-1.4%). Algorithmically, a Descending Triangle structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $174.98, targeting $138.96 with support near $190.99 (R:R 2.25).
What is your outlook on COF?