A clean Descending Triangle often precedes a big move. Validate your entry.
Bearish continuation pattern.
IP is showing interesting structural developments at $34.79. The stock is trading at $34.79, down 2.44% on the day. Algorithmically, a Descending Triangle structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $33.57, targeting $19.81 with support near $37.0 (R:R 4.01).
What is your outlook on IP?