The Descending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
PG is showing interesting structural developments at $143.23. With a last close of $143.23, volatility remains active (0.55%). The primary technical feature is a Bearish Flag formation. This setup is supported by average volume turnover. A potential breakout level is identified at $140.09, targeting $113.78 with support near $144.67 (R:R 5.74).
What is your outlook on PG?