The Ascending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation pattern.
Gradual reversal from bearish to bullish.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Market participants tracking Intercontinental Exchange should note the latest formation. The stock is trading at $162.98, up 3.1% on the day. The primary technical feature is a Rounding Bottom formation. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $167.46, targeting $191.2 with support near $155.59 (R:R 2.0).
What is your outlook on ICE?