Traders are watching this Descending Triangle on TDY. Inspect the chart now.
Bearish continuation pattern.
Reversal pattern after a downtrend.
A clear signal has emerged for Teledyne Technologies (TDY) on the daily chart. Currently at $606.85, the asset is showing downward momentum (-1.2%). Price action has carved out a classic Double Bottom. The trend indicator is reading 30.2/100, suggesting moderate momentum. A potential breakout level is identified at $687.0, targeting $774.43 with support near $643.29 (R:R 2.0).
What is your outlook on TDY?