A key Diamond has formed on CCI. Analyze the breakout level now.
Indecision. Widening then narrowing range.
Bearish continuation if preceding move was down.
Market participants tracking Crown Castle should note the latest formation. Price has moved to $84.78 (4.89%) amidst recent volatility. Algorithmically, a Diamond structure has completed. Volume is strong (1.97x avg) with moderate trend strength (13.1). A potential breakout level is identified at $75.96, targeting $61.74 with support near $83.07 (R:R 2.0).
What is your outlook on CCI?