The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
Traders are watching Simon Property Group (SPG) as price action tightens. With a last close of $188.67, volatility remains active (0.31%). Algorithmically, a Bearish Flag structure has completed. The trend indicator is reading 5.7/100, suggesting moderate momentum. A potential breakout level is identified at $177.88, targeting $152.98 with support near $189.25 (R:R 2.19).
What is your outlook on SPG?