The Descending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation pattern.
Reversal pattern. Price likely to break upwards.
Market participants tracking Intercontinental Exchange should note the latest formation. Price has moved to $149.97 (-1.13%) amidst recent volatility. Price action has carved out a classic Descending Triangle. The trend indicator is reading 21.1/100, suggesting moderate momentum. A potential breakout level is identified at $149.67, targeting $133.45 with support near $158.9 (R:R 1.76).
What is your outlook on ICE?