Chart pattern
CMI chart pattern — Cummins
1 formation detected on the latest close (Nov 06, 2026).
Descending Channel · Weekly candles
BearishForming
Last close$450.07
Trigger$435.83 (-3.2%)
Upper boundary$526.90
Lower boundary$435.83
Pattern spanJun 18, 2026 → 20 bars
Touches6
Fit score83/100
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.