Chart pattern
AEP chart pattern — American Electric Power
2 formations detected on the latest close (Nov 06, 2026).
Rising Wedge · Daily candles
BearishForming

Last close$126.53
Trigger$123.85 (-2.1%)
Upper boundary$132.84
Lower boundary$123.85
Pattern spanSep 08, 2026 → 43 bars
Touches6
Fit score91/100
Price grinding higher inside two rising lines that are closing together — an advance running out of air. Trigger: A close below the rising lower boundary. Invalidation: A decisive close above the upper boundary, which turns the wedge into an ordinary acceleration.
Descending Channel · Weekly candles
BearishForming

Last close$126.53
Trigger$113.70 (-10.1%)
Upper boundary$135.17
Lower boundary$113.70
Pattern spanMay 08, 2026 → 26 bars
Touches5
Fit score68/100
A steady downtrend held between two parallel falling lines. Trigger: A close above the upper rail is the first real sign the downtrend is ending. A close below the lower rail is capitulation. Invalidation: A sustained close above the upper rail.
Automated detection for education and research; not a recommendation. Levels are drawn from split-adjusted daily prices.