A clean Descending Triangle often precedes a big move. Validate your entry.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Consolidation. Can break either way.
Sideways movement between parallel supports.
Technical analysis of NiSource (NI) reveals a significant setup. The stock is trading at $46.68, down 0.15% on the day. Algorithmically, a Bearish Flag structure has completed. Volume is average (0.57x avg) with moderate trend strength (6.2). A potential breakout level is identified at $44.83, targeting $40.45 with support near $47.06 (R:R 1.96).
What is your outlook on NI?