Technical indicators signal a Descending Triangle forming. Verify the setup on the chart.
Bearish continuation pattern.
Consolidation. Can break either way.
Sideways movement between parallel supports.
Traders are watching Cummins (CMI) as price action tightens. Price has moved to $664.65 (-0.06%) amidst recent volatility. Algorithmically, a Descending Triangle structure has completed. The trend indicator is reading 11.3/100, suggesting moderate momentum. A potential breakout level is identified at $622.35, targeting $506.94 with support near $685.99 (R:R 1.81).
What is your outlook on CMI?