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A quick move expected on United Technologies Corp. as it starts approaching a support line of a Descending Triangle

United Technologies Corp. is heading towards the support line of a Descending Triangle and could reach this point within the next 5 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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After testing the support line numerous times, LTCCAD is once again approaching this line. Can we expect a bearish trend to follow?

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Important support line being approached by Wheat SEPTEMBER 2019. This price has been tested numerous time in the last 14 days

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