Momentum is building with this Descending Triangle. See the live chart action.
Bearish continuation pattern.
Traders are watching Cisco (CSCO) as price action tightens. Price has moved to $114.17 (1.25%) amidst recent volatility. Our AI has detected a valid Descending Triangle pattern. The trend indicator is reading 0.6/100, suggesting moderate momentum. A potential breakout level is identified at $107.53, targeting $92.63 with support near $120.34 (R:R 1.16).
What is your outlook on CSCO?