Will the Rectangle hold or fail? Plot your targets on the chart.
Sideways movement between parallel supports.
Bearish continuation pattern.
A clear signal has emerged for L3Harris (LHX) on the daily chart. Price has moved to $307.79 (-1.4%) amidst recent volatility. Price action has carved out a classic Descending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $295.47, targeting $269.6 with support near $315.72 (R:R 1.28).
What is your outlook on LHX?