Live monitoring of the Ascending Triangle setup on TFC. See where price is heading.
Bullish continuation pattern.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
TFC is showing interesting structural developments at $51.76. With a last close of $51.76, volatility remains active (1.09%). The primary technical feature is a Rounding Bottom formation. Volume is average (0.52x avg) with moderate trend strength (3.6). A potential breakout level is identified at $54.22, targeting $62.2 with support near $50.23 (R:R 2.0).
What is your outlook on TFC?