BSX is showing a classic Descending Triangle. Don't miss the move.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Sideways movement between parallel supports.
Market participants tracking Boston Scientific should note the latest formation. With a last close of $44.25, volatility remains active (1.54%). Algorithmically, a Bearish Flag structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $42.2, targeting $25.89 with support near $45.45 (R:R 5.02).
What is your outlook on BSX?