Chart pattern

L chart pattern — Loews

2 formations detected on the latest close (Nov 06, 2026).

Head and Shoulders · Weekly candles

BearishForming
L Head and Shoulders on weekly chart
Last close$109.71
Trigger$104.40 (-4.8%)
Pattern spanMay 01, 2026 → 27 bars
Touches5
Fit score87/100

Three peaks with the middle one highest — the best known topping pattern there is. Trigger: A close below the neckline. A right shoulder alone is not a signal. Invalidation: A close above the right shoulder before the neckline breaks, and above the head at any point.

Symmetrical Triangle · Daily candles

NeutralForming
L Symmetrical Triangle on daily chart
Last close$109.71
Trigger—
Upper boundary$114.43
Lower boundary$107.39
Pattern spanJul 28, 2026 → 72 bars
Touches4
Fit score75/100

Lower highs and higher lows squeezing into a point — a coiling market that has not chosen a side yet. Trigger: A close outside either boundary. The direction of the break is the signal — the pattern itself does not predict it. Invalidation: Price closing back inside the triangle after breaking out — a common trap in low-volume breaks.

Automated detection for education and research; not a recommendation. Levels are drawn from split-adjusted daily prices.