Will the Descending Triangle hold or fail? Plot your targets on the chart.
Bearish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
Market participants tracking Coca-Cola Europacific Partners should note the latest formation. With a last close of $93.6, volatility remains active (0.34%). Algorithmically, a Bearish Flag structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $89.3, targeting $68.34 with support near $93.92 (R:R 4.54).
What is your outlook on CCEP?