PGR

Progressive CorporationFinancials

$195.25+0.98%

Double Bottom Falling Wedge Descending Triangle

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$195.25

FEBMARAPR

Trade this Double Bottom

A clean Double Bottom often precedes a big move. Validate your entry.

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Quick Actions

Trade Plan: Double Bottom

Risk/Reward

1:2

Entry

$214.86

Stop

$203.39

Target

$237.80

Chart Pattern

Double Bottom

Reversal pattern after a downtrend.

Falling Wedge

Reversal pattern. Price likely to break upwards.

Descending Triangle

Bearish continuation pattern.

Market Analysis

Market participants tracking Progressive Corporation should note the latest formation. Currently at $195.25, the asset is showing upward momentum (0.98%). Price action has carved out a classic Double Bottom. This setup is supported by average volume turnover. A potential breakout level is identified at $214.86, targeting $237.8 with support near $203.39 (R:R 2.0).

Community Sentiment

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PGR