Will the Descending Triangle hold or fail? Plot your targets on the chart.
Bearish continuation pattern.
Sideways movement between parallel supports.
Market participants tracking GE HealthCare should note the latest formation. Currently at $70.35, the asset is showing downward momentum (-2.26%). Price action has carved out a classic Descending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $68.41, targeting $49.74 with support near $73.47 (R:R 3.69).
What is your outlook on GEHC?