The Ascending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation pattern.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Market participants tracking Xylem Inc. should note the latest formation. Price has moved to $119.75 (2.46%) amidst recent volatility. Algorithmically, a Rounding Bottom structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $126.76, targeting $148.64 with support near $115.82 (R:R 2.0).
What is your outlook on XYL?