Elpidaldo

TRV: RECTANGLE PATTERN BREAK WATCH

Long
NYSE:TRV   The Travelers Companies, Inc
Rectangles can extend for a few weeks or many months, and provide great trade opportunities every time the stock touches the top or bottom of the rectangle , until it finally breaks to the upside or downside.

TRV has been trading in a range (146.75 / 162.77) since February, forming a rectangle pattern. Generally, the longer the pattern, the more significant the breakout.

I will watch for a break of 162.77 and enter a long trade only if we break this level.

First target at more or less 180.
Trade active: Here is the breakout. Congrats if you're in.