Chart pattern

CMC chart pattern — Commercial Metals

1 formation detected on the latest close (Nov 06, 2026).

Overview Technicals

Descending Channel · Weekly candles

BearishForming

Last close$62.28

Trigger$57.96 (-6.9%)

Upper boundary$69.64

Lower boundary$57.96

Pattern spanAug 07, 2026 → 13 bars

Touches8

Fit score98/100

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.