Will the Descending Triangle hold or fail? Plot your targets on the chart.
Bearish continuation pattern.
A clear signal has emerged for L3Harris (LHX) on the daily chart. With a last close of $297.53, volatility remains active (-2.51%). Algorithmically, a Descending Triangle structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $270.32, targeting $222.12 with support near $308.89 (R:R 1.25).
What is your outlook on LHX?