The Descending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation pattern.
Sideways movement between parallel supports.
A clear signal has emerged for Parker Hannifin (PH) on the daily chart. The stock is trading at $908.06, down 1.38% on the day. Algorithmically, a Descending Triangle structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $858.72, targeting $682.48 with support near $940.0 (R:R 2.17).
What is your outlook on PH?