The Descending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation pattern.
Consolidation. Can break either way.
Sideways movement between parallel supports.
A clear signal has emerged for Constellation Brands (STZ) on the daily chart. Currently at $151.2, the asset is showing upward momentum (0.07%). Algorithmically, a Descending Triangle structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $144.61, targeting $128.06 with support near $155.76 (R:R 1.48).
What is your outlook on STZ?