Use advanced tools to confirm the Descending Triangle on WY before you trade.
Bearish continuation pattern.
Consolidation. Can break either way.
A clear signal has emerged for Weyerhaeuser (WY) on the daily chart. The stock is trading at $24.43, up 0.95% on the day. Price action has carved out a classic Descending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $22.41, targeting $19.33 with support near $24.68 (R:R 1.36).
What is your outlook on WY?