The Descending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation pattern.
Sideways movement between parallel supports.
Market participants tracking Xylem Inc. should note the latest formation. With a last close of $121.26, volatility remains active (-1.0%). Price action has carved out a classic Descending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $116.05, targeting $100.15 with support near $123.04 (R:R 2.27).
What is your outlook on XYL?