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Travelers Cos Inc. is quickly approaching the resistance line of a Ascending Triangle. We expect either a breakout through this line or a rebound.

Travelers Cos Inc. is heading towards the resistance line of a Ascending Triangle. If this movement continues, we expect the price of Travelers Cos Inc. to test 148.57 within the next 6 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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BCHEUR – breach of a trending resistance line that has been tested at least twice before.

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