1. Boeing is filling out a huge triangle, with the base formed by the 75% price drop from March 2020. It has consistently tested the bottom leg of the triangle and responded with strength, each time reaching the top leg of the triangle. The triangle is narrowing around current price, and a break to the topside would yield significant upside after this long...
Bearish Symmetrical Triangle
- Following the bearish trend
- Looking for a break out below support of the triangle and retest before entry
- Bearish confluence among indicators