Momentum is building with this Descending Triangle. See the live chart action.
Bearish continuation pattern.
Sideways movement between parallel supports.
Technical analysis of Illinois Tool Works (ITW) reveals a significant setup. With a last close of $258.21, volatility remains active (-0.89%). Our AI has detected a valid Descending Triangle pattern. This setup is supported by average volume turnover. A potential breakout level is identified at $253.97, targeting $211.47 with support near $266.72 (R:R 3.33).
What is your outlook on ITW?