The Descending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation pattern.
Sideways movement between parallel supports.
Technical analysis of Charles Schwab Corporation (SCHW) reveals a significant setup. With a last close of $93.77, volatility remains active (1.53%). Algorithmically, a Descending Triangle structure has completed. The trend indicator is reading 6.0/100, suggesting moderate momentum. A potential breakout level is identified at $90.0, targeting $82.39 with support near $96.74 (R:R 1.13).
What is your outlook on SCHW?