Chart pattern
FE chart pattern — FirstEnergy
2 formations detected on the latest close (Nov 06, 2026).
Descending Triangle · Weekly candles
BearishForming
Last close$46.43
Trigger$42.52 (-8.4%)
Upper boundary$48.30
Lower boundary$42.52
Pattern spanDec 19, 2025 → 46 bars
Touches6
Fit score95/100
A flat floor with a falling ceiling — sellers accepting less each time until the support gives way. Trigger: A daily close below the flat support line, usually with a clear pickup in volume. Invalidation: A close back above the falling resistance line, which says the sequence of lower highs has ended.
Descending Channel · Daily candles
BearishForming
Last close$46.43
Trigger$41.33 (-11.0%)
Upper boundary$47.66
Lower boundary$41.33
Pattern spanJun 17, 2026 → 99 bars
Touches4
Fit score71/100
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.