ADP is showing a classic Descending Triangle. Don't miss the move.
Bearish continuation pattern.
Traders are watching Automatic Data Processing (ADP) as price action tightens. Currently at $204.01, the asset is showing upward momentum (1.36%). Price action has carved out a classic Descending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $197.08, targeting $169.52 with support near $212.79 (R:R 1.75).
What is your outlook on ADP?