ETN is showing a classic Rectangle. Don't miss the move.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
Bullish continuation if preceding move was up.
Gradual reversal from bearish to bullish.
ETN is showing interesting structural developments at $404.07. With a last close of $404.07, volatility remains active (-2.66%). Price action has carved out a classic Bullish Flag. This setup is supported by average volume turnover. A potential breakout level is identified at $420.25, targeting $489.35 with support near $382.0 (R:R 1.81).
What is your outlook on ETN?