COLPAL Breakdown Alert: Big Move Unfolding!
After weeks of consolidation, Colgate Palmolive has finally snapped out of its triangular structure—and it’s not looking pretty. The price has decisively dipped below key support, hinting at increasing selling pressure.
🔎 What’s happening?
• The triangle’s lower boundary has given way, breaking the structure.
• Price is now flirting with previous demand zones, and the question looms: Will buyers step in, or is there more downside ahead?
This breakdown opens up a bigger story on momentum and sentiment. Volatility is ticking up, and the next few sessions could be pivotal.
What do you think—oversold bounce incoming or a deeper slide on the cards
https://in.tradingview.com/x/b6oVMNIJ
🔎 What’s happening?
• The triangle’s lower boundary has given way, breaking the structure.
• Price is now flirting with previous demand zones, and the question looms: Will buyers step in, or is there more downside ahead?
This breakdown opens up a bigger story on momentum and sentiment. Volatility is ticking up, and the next few sessions could be pivotal.
What do you think—oversold bounce incoming or a deeper slide on the cards
https://in.tradingview.com/x/b6oVMNIJ
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