The Ascending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Gradual reversal from bearish to bullish.
Market participants tracking Procter & Gamble should note the latest formation. With a last close of $147.41, volatility remains active (0.3%). Price action has carved out a classic Rounding Bottom. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $154.32, targeting $169.78 with support near $146.59 (R:R 2.0).
What is your outlook on PG?