The Ascending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation pattern.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Sideways movement between parallel supports.
Market participants tracking WEC Energy Group should note the latest formation. With a last close of $117.58, volatility remains active (1.21%). Algorithmically, a Bullish Flag structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $118.53, targeting $133.52 with support near $112.34 (R:R 2.42).
What is your outlook on WEC?