A key Rising Wedge has formed on FIX. Analyze the breakout level now.
Reversal pattern. Price likely to break downwards.
Bullish continuation if preceding move was up.
Indecision. Widening then narrowing range.
Market participants tracking Comfort Systems USA should note the latest formation. Price has moved to $1854.67 (1.04%) amidst recent volatility. Price action has carved out a classic Diamond. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $2073.18, targeting $2579.97 with support near $1819.78 (R:R 2.0).
What is your outlook on FIX?