Chart pattern

MELI chart pattern — MercadoLibre

1 formation detected on the latest close (Nov 10, 2026).

Overview Technicals

Descending Channel · Weekly candles

BearishForming

Last close$1,490.24

Trigger$1,443.15 (-3.2%)

Upper boundary$1,797.60

Lower boundary$1,443.15

Pattern spanAug 21, 2026 → 12 bars

Touches7

Fit score87/100

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.