A clean Descending Triangle often precedes a big move. Validate your entry.
Bearish continuation pattern.
Consolidation. Can break either way.
Sideways movement between parallel supports.
A clear signal has emerged for DuPont (DD) on the daily chart. The stock is trading at $137.7, up 0.22% on the day. Price action has carved out a classic Descending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $131.14, targeting $113.6 with support near $142.18 (R:R 1.59).
What is your outlook on DD?