TradingView
lauralea
Jun 13, 2023 6:53 PM

Ascending Triangle//ABCD 

Consolidated Edison, Inc.NYSE

Description

ABC and target is D.
This will probably reverse at the end of the 4th leg up.
There will be resistance at top of triangle and also at the top diagonal line of the triangle.
All triangles are neutral until broken and price is on the support line.
Targets are for the ABCD pattern and will re-eval if triangle breaks up or down.

No recommendation.

Possible stop below 92.50.
More