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 Principal Financial Group (PFG) as price action tightens. Price has moved to $109.4 (1.94%) amidst recent volatility. Price action has carved out a classic Ascending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $114.9, targeting $125.14 with support near $106.28 (R:R 1.19).
What is your outlook on PFG?