A clean Descending Triangle often precedes a big move. Validate your entry.
Bearish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
Market participants tracking Public Service Enterprise Group should note the latest formation. With a last close of $78.33, volatility remains active (0.35%). Price action has carved out a classic Bearish Flag. Volume is average (0.16x avg) with moderate trend strength (17.8). A potential breakout level is identified at $76.05, targeting $65.17 with support near $78.64 (R:R 4.2).
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