See how the Descending Triangle is playing out for SHW. View live chart.
Bearish continuation pattern.
Sideways movement between parallel supports.
Traders are watching Sherwin-Williams (SHW) as price action tightens. Price has moved to $318.0 (-2.36%) amidst recent volatility. Price action has carved out a classic Descending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $301.58, targeting $235.15 with support near $331.1 (R:R 2.25).
What is your outlook on SHW?