Chart pattern
WMS chart pattern — Advanced Drainage Systems
1 formation detected on the latest close (Nov 06, 2026).
Descending Channel · Weekly candles
BearishForming
Last close$124.31
Trigger$118.43 (-4.7%)
Upper boundary$147.93
Lower boundary$118.43
Pattern spanJun 26, 2026 → 19 bars
Touches7
Fit score89/100
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.