Live monitoring of the Ascending Triangle setup on ED. See where price is heading.
Bullish continuation pattern.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
A clear signal has emerged for Consolidated Edison (ED) on the daily chart. Currently at $113.01, the asset is showing upward momentum (0.2%). Price action has carved out a classic Rounding Bottom. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $115.26, targeting $127.7 with support near $109.04 (R:R 2.0).
What is your outlook on ED?