Will the Descending Triangle hold or fail? Plot your targets on the chart.
Bearish continuation pattern.
A clear signal has emerged for United Airlines Holdings (UAL) on the daily chart. Price has moved to $92.21 (-3.02%) amidst recent volatility. The primary technical feature is a Descending Triangle formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $84.64, targeting $51.68 with support near $97.96 (R:R 2.47).
What is your outlook on UAL?