Momentum is building with this Bearish Flag. See the live chart action.
Bearish continuation if preceding move was down.
A clear signal has emerged for Illinois Tool Works (ITW) on the daily chart. With a last close of $249.2, volatility remains active (-0.63%). Algorithmically, a Bearish Flag structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $244.37, targeting $198.77 with support near $252.64 (R:R 5.51).
What is your outlook on ITW?