ETN – Weekly High‑Base Continuation Setup

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ETN – Weekly High‑Base Continuation SetupEaton Corp. PlcBATS:ETNRTNG_InvestingAs part of my Q2 2026 Outlook, I’m reviewing the names identified in the Quarterly Analysis and opening positions only in those that maintained clean weekly structure into Week 2. ETN remains one of the strongest charts on the list. Structure ETN has formed a tight high‑base consolidation just under prior highs. Price has been coiling in a narrow range with declining volatility, rising EMAs, and no evidence of distribution. This is not a rejection pattern — it’s controlled compression inside an intact long‑term trend. Why it matters A high‑base continuation is one of the most reliable trend structures in my process. ETN’s weekly candles remain orderly, momentum is resetting rather than diverging, and the EMA stack is fully intact. This supports the case for continuation rather than exhaustion. Key Levels • High‑Base Support: ~385 • Coil Zone: ~395–405 • Breakout Level: ~405–408 • Target Zone (Q2): 430–445 • Invalidation: Weekly close below 385 Plan I will be opening a position in ETN as part of my Q2 execution plan, with a mid‑June evaluation window unless targets are reached earlier. This follows the timing framework outlined in the Quarterly Outlook: identify structure in Week 1, confirm in Week 2, and execute once weekly alignment is clear. Discipline over prediction. Structure over noise.