Technical indicators signal a Descending Triangle forming. Verify the setup on the chart.
Bearish continuation pattern.
Reversal pattern. Price likely to break upwards.
Consolidation. Can break either way.
CMS is showing interesting structural developments at $73.46. Price has moved to $73.46 (0.7%) amidst recent volatility. Algorithmically, a Descending Triangle structure has completed. Volume is average (0.33x avg) with moderate trend strength (23.0). A potential breakout level is identified at $71.53, targeting $63.48 with support near $73.88 (R:R 3.43).
What is your outlook on CMS?