Traders are watching this Rectangle on BXP. Inspect the chart now.
Sideways movement between parallel supports.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
BXP is showing interesting structural developments at $51.78. Currently at $51.78, the asset is showing upward momentum (1.49%). Price action has carved out a classic Bearish Flag. Volume is average (0.85x avg) with moderate trend strength (4.8). A potential breakout level is identified at $50.07, targeting $31.14 with support near $53.25 (R:R 5.95).
What is your outlook on BXP?