The Descending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
SCHW is showing interesting structural developments at $89.83. Currently at $89.83, the asset is showing downward momentum (-0.31%). Algorithmically, a Descending Triangle structure has completed. The trend indicator is reading 8.8/100, suggesting moderate momentum. A potential breakout level is identified at $87.53, targeting $74.65 with support near $93.43 (R:R 2.18).
What is your outlook on SCHW?