AT&T has been quietly consolidating for the past several weeks, with price action moving sideways in a tight range. While there’s no active signal yet, this period of low volatility is worth paying close attention to. Every consolidation eventually resolves into a new trend—and that resolution can offer compelling trading opportunities.
The current structure resembles a symmetric triangle, marked by converging black trendlines. This pattern often acts as a pressure cooker: as the price narrows between resistance and support, momentum builds. Recently, we saw a rejection from the upper boundary of this triangle, and price is now heading toward the lower edge.
How to trade this setup? A breakout to the upside—price closing above the upper line—would activate a long signal and could set the stage for a bullish move. Conversely, a breakdown below the lower support line would be a clear signal to go short.
For now, it’s a waiting game. But with the range tightening, a directional decision is just around the corner. Keep AT&T on your radar.