Old National Bancorp: 3 Falling Peaks within a Broadening Wedge

Old National Bancorp has developed a 3 Falling Peaks pattern after confirming a Partial Rise of the Ascending Broadening Wedge it's been trading within. It has also confirmed MACD Hidden Bearish Divergence.

Based on the price action we've recieved the expected bearish target would be between $5.73 and $1.91
3fallingpeaksbanksChart PatternscommercialrealestateTechnical IndicatorspartialriserealestateregionalbanksTrend Analysis

Also on: