Will the Descending Triangle hold or fail? Plot your targets on the chart.
Bearish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
Market participants tracking Republic Services should note the latest formation. Currently at $209.69, the asset is showing downward momentum (-1.18%). Algorithmically, a Bearish Flag structure has completed. Volume is average (0.38x avg) with moderate trend strength (8.7). A potential breakout level is identified at $196.41, targeting $160.06 with support near $218.91 (R:R 1.62).
What is your outlook on RSG?