Will the Rectangle hold or fail? Plot your targets on the chart.
Sideways movement between parallel supports.
Bullish continuation pattern.
IRM is showing interesting structural developments at $126.14. Currently at $126.14, the asset is showing upward momentum (2.14%). Price action has carved out a classic Ascending Triangle. Volume is average (0.75x avg) with moderate trend strength (10.2). A potential breakout level is identified at $134.09, targeting $158.18 with support near $122.39 (R:R 2.06).
What is your outlook on IRM?