A.O. Smith Corporation (AOS) – Symmetrical Triangle Breakdown🔎 Description:
AOS has formed a symmetrical triangle pattern and has broken downward, signaling a potential bearish move. Given the prior downtrend, this continuation pattern aligns with the overall bearish momentum.
📉 Trade Setup:
Bias: Bearish
Reasoning: Breakdown of symmetrical triangle in a downtrend
Confirmation: Price closing below the pattern with increasing volume
Trade Type: Short
🔑 Key Levels:
Entry: Near 65.61
Stop Loss: 🔴 69.34
Target: 🟢 63.09
📊 Watching for further momentum to confirm downside move. 🚨 Manage risk accordingly!
