The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
Bearish continuation pattern.
Technical analysis of Waste Management (WM) reveals a significant setup. With a last close of $221.3, volatility remains active (2.39%). The primary technical feature is a Bearish Flag formation. The trend indicator is reading 0.3/100, suggesting moderate momentum. A potential breakout level is identified at $209.21, targeting $179.83 with support near $222.42 (R:R 2.22).
What is your outlook on WM?