The screener separates a setup from a confirmed trigger. The entry analysis explains the evidence for each entry signal. A trigger is not a trade recommendation.
Analysis date
Monday, September 21, 2026
Deterministic screen
The classical method checks trend context, valid formations, completed boundary breaks, volume, minimum objectives, structural invalidation, and Basing Points. The displayed stop uses the book's historical 5% example filter. The method does not set a universal numeric reward gate.
New triggers
27
Active
115
Watching
108
Total
250
Market context
Dow-style confirmation
not confirmed
Bullish primary breadth
49.89% of 1427 charts
New triggers
The latest session completed the formation boundary break. The entry analysis checks context, volume, objective, and structural risk.
SJM
The J.M. Smucker Company
head shoulders top · short
New trigger
signal
Price
$119.88
Trigger
$119.94
Stop
$130.89
Objective
$103.99
Objective / risk
1.44R
Volume
0.99x
bullish primary screen
Entry analysis
The completed bars support a confirmed short signal from a head-and-shoulders top, but the signal is tactical rather than a confirmed primary-market reversal. The neckline close is only marginally below the stored boundary, breakout volume is supportive but not emphatic, and the broader benchmark and breadth context remain broadly constructive.
The exact completion event is a completed-bar close below the neckline, not merely an intraday penetration or the appearance of the right shoulder. The 2026-09-21 close at 119.88 is below the stored 119.94 trigger, so the packet supports a signal rather than a warning or setup. Because the breach is narrow, additional closes below the neckline would strengthen the signal; a prompt close back above it would question completion.
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Trend context
The prior trend required for a head-and-shoulders top was an advance, and the completed SJM bars show that advance before the formation began. The current signal should therefore be read as a reversal of the prior SJM advance, not as proof that the primary market trend has turned bearish. The broader context is mixed because the benchmark's primary screen remains bullish and its confirmation state is not confirmed.
Formation context
The named formation is a head-and-shoulders top: a prior left-side peak, a higher central peak, and a lower right-side rally, followed by a neckline test. The recorded contacts at 125.18, 131.84, and 123.75 fit that sequence. The structure was a candidate before the neckline break, a setup while price remained above the boundary, and became confirmed only when a completed bar closed below the stored neckline boundary.
Volume confirmation
Volume weakened across much of the rallying structure and the recorded breakout volume ratio of 0.99 exceeds the base-volume ratio of 0.56. That supports the downside break, but the evidence is mixed rather than conclusive because the expansion is not especially forceful and the broader market context does not confirm the bearish interpretation.
Structural stop
The stored short stop is 130.89, based on a formation-boundary stop filtered beyond the structural reference using the historical 5% example. No confirmed Basing Point is available in the packet. That 5% filter is only a historical example: it must fit SJM's own movement habit, liquidity, gap behavior, and volatility, and is not a universal allowance. The stop is an invalidation and risk-control level, not evidence that the formation must succeed.
Minimum objective
The stored minimum objective is 103.99, derived from the head-to-neckline depth projected from the confirmed break. It offers a modestly favorable reward relative to the structural stop distance, so the opportunity is adequate but not generous. The objective is a minimum potential measurement, not an automatic exit; price action, volume, support, and progressive protection should govern management if the decline develops.
Failure condition
The short thesis is weakened or failed by a prompt return into the formation, especially a completed close back above the 119.94 neckline boundary. A move through the stored 130.89 protective stop would invalidate the planned risk boundary. Strong upside follow-through above the right-shoulder area would further reject the top interpretation.
Evidence to watch next
The setup would strengthen through additional completed closes below 119.94, downside follow-through toward lower support with sustained or expanding volume, and continued failure of rallies beneath the neckline. It would be rejected by a prompt close back above the neckline, a successful retest followed by recovery, or upside expansion through the right-shoulder resistance. Broader bearish confirmation from the benchmark and market breadth would improve context but is not required for the individual formation's price signal.
Validated levels
Boundary
$135.89
Close
$119.88
Minimum objective
$103.99
Filtered stop
$130.89
Objective / risk
1.44R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior advance is present: SJM rose from the low-90s in early April to 125.18 on 2026-07-29 before the reversal structure developed.
• The formation has three identified upper contacts: 125.18 on 2026-07-29, 131.84 on 2026-08-27, and 123.75 on 2026-09-17. The middle contact is the higher head and the later contact is a lower right shoulder.
• The stored neckline boundary is 119.94, and the completed 2026-09-21 bar closed at 119.88, satisfying the close-through-boundary completion rule.
• The formation is recorded as confirmed with a 2026-09-21 boundary break, and price remained below the stored trigger at the completed-bar cutoff.
• The measured minimum objective is 103.99, which is below the breakout area and provides meaningful potential relative to the stored structural stop at 130.89.
• The breakout volume ratio of 0.99 is materially above the formation base-volume ratio of 0.56, providing corroboration for the break.
Contrary evidence
• The neckline break is marginal on a closing basis: 119.88 versus the stored 119.94 boundary, so follow-through is important.
• Breakout volume is supportive but not exceptionally strong relative to the formation's recorded volume behavior.
• The benchmark remains primary bullish, while the secondary screen is bullish and breadth is near balance at 49.89% bullish; broader confirmation of a bearish regime is absent.
• The packet supplies no confirmed Basing Point, and no lower-contact dates are recorded in the formation metadata, making the structural description less complete than the upper-contact record.
• A prompt return above the neckline would place price back inside the formation and weaken or invalidate the breakdown.
SDRL
Seadrill Limited
head shoulders top · short
New trigger
signal
Price
$46.58
Trigger
$46.62
Stop
$52.72
Objective
$37.77
Objective / risk
1.43R
Volume
0.45x
bullish primary screen
Entry analysis
The completed bars show a confirmed bearish head-and-shoulders top with a short trigger on the close below the neckline. The price completion is valid, but weak breakout volume, an unconfirmed broader market backdrop, and the modest stored reward relative to structural risk reduce conviction.
The exact price-completion event is present: the completed September 21 close is below the stored neckline trigger. No intrabar or incomplete-bar evidence is being used. A prompt recovery back inside the formation would weaken the signal and require a failure review.
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Trend context
SDRL shows the required preceding advance before the reversal formation. After the head and right-shoulder rally, the minor trend is bearish. The primary and secondary market screens are bullish, so the short is counter to the broader benchmark context and should carry reduced confidence.
Formation context
The named formation is a head-and-shoulders top. The left shoulder, higher head, and lower right shoulder are present, with the stored neckline boundary at 46.62. The formation is confirmed only by the completed September 21 close below that boundary; the earlier shape alone was a setup, not a completed top.
Volume confirmation
Volume behavior is mixed. The broad formation data show a weakening participation profile consistent with a possible top, but the actual downside break occurred on weak relative volume, with a stored breakout volume ratio of 0.45. Price completion is therefore valid, while volume confirmation is poor.
Structural stop
The stored stop is 52.72, using a historical 5% example filter beyond the formation reference at 50.21. That filter is not universal: it must fit the issue's normal movement, liquidity, gap behavior, and volatility. The stop should not be narrowed merely to improve apparent reward-risk, and the position size should reflect the stated structural distance.
Minimum objective
The stored head-to-neckline measurement produces a minimum objective of 37.77. It is active because the neckline has broken, and it has not been reached. This is a minimum implication rather than a guaranteed destination or an automatic exit; subsequent price action and progressive risk control should govern management.
Failure condition
The bearish formation would be undermined by a prompt, sustained recovery back above the neckline and especially by movement through the right-shoulder structural area. The stored protective stop at 52.72 is the defined invalidation control for this review.
Evidence to watch next
Further downside follow-through with expanding volume, or a return toward the neckline that fails beneath it, would strengthen the short watchlist signal. A low-volume drift, a close back above 46.62, or a decisive recovery toward the right shoulder would weaken or reject it. Broader benchmark deterioration would also improve alignment for the bearish case.
Validated levels
Boundary
$55.47
Close
$46.58
Minimum objective
$37.77
Filtered stop
$52.72
Objective / risk
1.43R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior advance is present: price rose from the late-March area into the April–May formation, with the head reaching the May 20 high.
• The formation has the expected sequence: left shoulder near the April 29 high, a higher head at the May 20 high, and a lower right shoulder that peaked near the September 16 high.
• The September 21 completed bar closed at 46.58, below the stored neckline trigger at 46.62. Under the stated completion rule, this completes the formation and activates the short signal.
• The stored minimum objective is 37.77 and has not been reached.
• The stored structural stop is 52.72, beyond the formation reference using the historical 5% example filter.
Contrary evidence
• Breakout volume is weak: the stored breakout volume ratio is 0.45, so participation does not strongly corroborate the downside break.
• The benchmark remains primary bullish, while its minor trend is only in transition; broader confirmation for a short is therefore incomplete.
• The stored reward-risk figure is 1.43, which offers some potential reward but is not especially generous relative to the structural stop distance and the weak volume confirmation.
• The neckline penetration is small in price terms, so follow-through or a failed return test would materially strengthen the signal.
DOW
Dow Inc.
head shoulders top · short
New trigger
signal
Price
$28.27
Trigger
$28.54
Stop
$32.01
Objective
$24.06
Objective / risk
1.13R
Volume
1.15x
bearish primary screen
Entry analysis
A bearish boundary break is present, but the named head-and-shoulders top does not have sufficient documented reaction-low contacts to validate the neckline structure. The completed close below the stored boundary is therefore a warning rather than a fully qualified short signal.
The exact boundary-completion rule is satisfied by the September 21 completed close at 28.27 below the stored neckline boundary of 28.54. That establishes a completed price break for the watchlist, but the incomplete structural evidence keeps it at warning status rather than promoting it to a clean signal. A subsequent hold below the boundary or a failed retest would provide stronger confirmation.
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Trend context
DOW had a prior advance into the proposed formation, satisfying the broad directional prerequisite for a possible top. Its stored minor and primary screens are bearish, while the secondary screen is transitional. Broader confirmation is mixed: SPY is primarily bullish, DIA is primarily bullish, IYT is transitional with a bearish secondary trend, and breadth is near balance. This supports a transition toward bearish evidence, not a confirmed broad bearish trend.
Formation context
The peak sequence can resemble a head-and-shoulders top, but the packet provides no lower-contact dates. A valid top requires a prior advance, distinct left shoulder, higher head, lower right shoulder, and reaction lows forming the neckline. Because the reaction-low evidence is missing, the stored confirmed classification is not independently substantiated from the completed bars.
Volume confirmation
The stored breakout-volume ratio of 1.15 is supportive because activity expanded on the downside break relative to the formation baseline. This corroborates the price break but cannot substitute for the missing reaction-low contacts or broader trend confirmation.
Structural stop
The stored short stop is 32.01, based on a 5% historical filter beyond the formation boundary/reference. That filter is an example, not a universal rule; it must fit DOW's actual movement habit, liquidity, gap behavior, and volatility. The structural invalidation is a decisive recovery back above the formation's relevant resistance/right-shoulder area; the stored stop provides the packet's filtered protection level but should not be treated as universally optimal.
Minimum objective
The stored head-to-neckline minimum objective is 24.06, with the current completed close at 28.27 and no objective completion recorded. It is a minimum implication, not a guaranteed target or automatic exit. Relative to the stored stop at 32.01, the packet's reward-to-risk value of 1.13 shows limited compensation for the structural risk, especially while the formation itself remains incompletely documented.
Failure condition
The bearish watch fails if price decisively reclaims and holds above the broken boundary, particularly if it moves back through the right-shoulder/resistance structure. A sustained recovery above the stored stop reference would invalidate the short thesis under the packet's protection method.
Evidence to watch next
Stronger bearish evidence would be a completed-bar hold below 28.54, preferably a failed retest of that boundary followed by renewed selling, with continued or expanding downside volume and clearer reaction-low confirmation. Rejection of the break, a close back above the boundary, or renewed strength in the benchmark and related averages would reject or materially weaken the setup.
Validated levels
Boundary
$33.02
Close
$28.27
Minimum objective
$24.06
Filtered stop
$32.01
Objective / risk
1.13R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior advance is present: the completed bars rise from the late-July low area into the August 20 high, establishing an advance before the proposed reversal.
• The proposed peaks are directionally plausible: an earlier high on August 11, a higher high on August 20, and a lower right-side high on September 16.
• The September 21 completed bar closed at 28.27, below the stored neckline boundary of 28.54. Under the completion rule, a completed close beyond the boundary supplies price completion.
• The stored breakout-volume ratio of 1.15 indicates stronger activity on the boundary break than the formation baseline.
• The stored minimum objective is 24.06 and has not been marked complete.
Contrary evidence
• The packet lists no lower-contact dates, although a head-and-shoulders top requires identifiable reaction lows defining the neckline. Without those contacts, the formation classification remains unverified.
• The benchmark remains primarily bullish, its minor trend is only in transition, and the broader market confirmation state is not confirmed.
• The stored reward-to-risk figure is 1.13, indicating that the minimum measured move is modest relative to the structural stop distance; this is not especially attractive compensation for the setup's unresolved formation risk.
• The September 21 bar is a sharp downside break, but one completed close alone does not repair the missing neckline-contact evidence.
INTC
Intel Corporation
head shoulders bottom · long
New trigger
signal
Price
$121.78
Trigger
$121.54
Stop
$89.79
Objective
$157.35
Objective / risk
1.11R
Volume
1.91x
bullish primary screen
Entry analysis
The completed bars show a bullish head-and-shoulders bottom with a confirmed neckline completion, but the completion occurred through a gap and needs later price action to validate the breakout rather than treating the gap alone as sufficient confirmation.
The stored trigger is 121.54. The 2026-09-21 completed bar closed at 121.78, satisfying the upward neckline-break completion rule. Because the move began with a gap, the price trigger is recorded as completed but remains a warning-state signal until later bars hold above or successfully retest the neckline.
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Trend context
The issue was in a prior downtrend before the formation, which is the required context for a bullish reversal. The current issue screens are bullish, while broader participation and related-average evidence are mixed rather than fully confirmed.
Formation context
The stored structure is a 24-session head-and-shoulders bottom with lower contacts on 2026-08-11, 2026-09-01, and 2026-09-14. The middle trough is the deepest recorded contact, and the final trough is the right shoulder. The formation is classified as confirmed because the neckline boundary was exceeded on a completed bar.
Volume confirmation
Breakout volume was 1.91 times base volume, providing strong demand confirmation. This supports the price completion, but volume cannot by itself resolve whether the gap breakout will hold.
Structural stop
The stored stop is 89.79, based on a filtered formation-boundary reference. The historical 5% example filter beyond a formation boundary or confirmed Basing Point is only an example; it must fit the issue's movement habit, volatility, liquidity, and gap behavior and is not universal. No confirmed Basing Point is available in the packet.
Minimum objective
The stored minimum objective is 157.35, derived from the formation depth and projected from the completed neckline break. It offers a positive but modest reward relative to the stored structural risk, so adequacy is marginal rather than compelling. The minimum objective is a measuring implication, not an automatic exit; subsequent price and volume action should govern management.
Failure condition
A decisive failure back below the completed neckline, followed by loss of the formation's structural support, would reject the breakout. The stored protective stop is 89.79; a later confirmed Basing Point could provide a basis for raising a progressive stop, but none is recorded.
Evidence to watch next
The setup would strengthen if subsequent completed bars remain above 121.54, produce a successful retest that holds, and continue to show constructive demand without immediate reversal. It would weaken if price closes back below the neckline, the gap is fully retraced, breakout volume is followed by heavy selling, or the stored structural stop is reached.
Validated levels
Boundary
$121.54
Close
$121.78
Minimum objective
$157.35
Filtered stop
$89.79
Objective / risk
1.11R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior context is present: price had been in a clear decline before the formation began.
• The three trough contacts are recorded on 2026-08-11, 2026-09-01, and 2026-09-14, consistent with left shoulder, head, and right shoulder structure.
• The exact completion rule is satisfied: the 2026-09-21 close of 121.78 finished above the stored neckline boundary of 121.54.
• Breakout volume was strong, recorded at 1.91 times the formation base volume.
• The stored minimum objective is 157.35, above the 121.78 completion price.
Contrary evidence
• The neckline completion occurred with a gap, so the gap itself remains a warning until subsequent completed bars demonstrate sustained trade above the boundary.
• The broader market confirmation state is not confirmed, and the secondary benchmark context is mixed despite bullish primary screens.
• The reward relative to the stored structural risk is positive but modest: the stored reward-risk value is 1.11, leaving limited margin for slippage, volatility, or a failed breakout.
• No confirmed Basing Point is recorded for progressive stop management.
DOCN
DigitalOcean Holdings, Inc.
head shoulders bottom · long
New trigger
signal
Price
$146.16
Trigger
$143.91
Stop
$108.59
Objective
$186.08
Objective / risk
1.06R
Volume
1.94x
bullish primary screen
Entry analysis
The completed 2026-09-21 bar confirms an upside completion of the identified head-and-shoulders bottom: the close is above the 143.91 neckline and breakout volume is supportive. The signal is bullish but not a low-risk entry, because the stored structural stop is substantially below the trigger and the minimum objective offers only modest reward relative to that risk.
The trigger is valid because the completed 2026-09-21 bar closed at 146.16, above the 143.91 neckline. This is a signal, not merely a setup or warning. The classification relies on the completed-bar close rather than an intrabar move. A later close back below the broken boundary would weaken the breakout and require reassessment.
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Trend context
The required prior context for a bullish head-and-shoulders bottom is a preceding decline, and that context is present. The stock's supplied trend screens are bullish on the minor, primary, and secondary readings after the breakout. The benchmark context is less consistent, so the individual signal is stronger than the broader confirmation.
Formation context
This is a confirmed bullish head-and-shoulders bottom. The identified lower contacts are 2026-08-06, 2026-09-03, and 2026-09-14, with the deepest trough on 2026-09-03 and a higher right-side trough on 2026-09-14. The neckline boundary is 143.91. The packet does not provide upper-contact dates, which reduces confidence in the completeness of the geometric evidence but does not negate the recorded boundary break.
Volume confirmation
Breakout volume is recorded at 1.94 times base volume, providing meaningful confirmation of new demand on the neckline break. Volume supports the price signal but does not override a failed breakout or subsequent loss of the boundary.
Structural stop
The stored protective stop is 108.59, based on a formation-boundary reference of 114.31 with the historical 5% example filter applied beyond the structural boundary. That 5% figure is not universal; it must fit DOCN's movement habit, volatility, liquidity, and gap behavior. The stop is an invalidation control, not proof that the pattern will succeed, and a gap could produce a worse execution price. The stop should not be widened merely to avoid an exit.
Minimum objective
The active minimum objective is 186.08, derived by the stored head-to-neckline measurement method, and it has not been reached. The objective offers a positive but modest reward relative to the stored structural risk, so the watchlist signal has limited margin for error despite the confirmed breakout. The minimum objective is a measuring implication, not an automatic exit; subsequent price and trend evidence should determine whether the move is extended, held, or protected progressively.
Failure condition
The bullish case is weakened by a failed breakout that cannot hold above the 143.91 neckline, and it is operationally invalidated if price reaches the stored protective stop at 108.59. A decisive loss of the formation's structural support would reject the bullish interpretation.
Evidence to watch next
Strengthening evidence would be completed bars that hold above 143.91, continued or renewed demand on advances, and orderly progress toward 186.08 without violating the stored stop. Rejecting evidence would be a prompt close back below the neckline, heavy-volume selling after the breakout, or a move through the stored protective stop. The minimum objective should remain a reference point rather than a mandatory exit.
Validated levels
Boundary
$143.91
Close
$146.16
Minimum objective
$186.08
Filtered stop
$108.59
Objective / risk
1.06R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend was bearish: the packet records a -0.1774 prior-trend change, and the supplied bars show a decline into the formation area.
• The formation has three identified lower contacts on 2026-08-06, 2026-09-03, and 2026-09-14, consistent with left shoulder, head, and right shoulder sequencing; the middle trough is the deepest.
• The exact completion rule is satisfied by a completed-bar close above the neckline: the 2026-09-21 close is 146.16 versus the 143.91 boundary.
• Breakout volume is recorded at 1.94 times the base-volume measure, supporting the upward price completion.
• The stored minimum objective is 186.08 and has not been reached.
Contrary evidence
• The packet supplies no upper-contact dates for the neckline, so the boundary structure is less fully documented than the lower-contact sequence.
• The broader market evidence is mixed: SPY screens bullish, but DIA has a bearish minor trend and IYT has bearish secondary evidence; overall market confirmation is explicitly not confirmed.
• The stored reward-risk comparison is 1.06, which is positive but modest relative to the formation-defined structural risk; adequacy should be judged by the issue's movement habit and liquidity, not by a fixed multiple.
• The 2026-09-21 advance is a large-range breakout, so follow-through and the ability to hold above the neckline remain important.
AGRO
Adecoagro S.A.
head shoulders top · short
New trigger
signal
Price
$11.14
Trigger
$11.29
Stop
$12.73
Objective
$9.80
Objective / risk
0.84R
Volume
1.09x
transition primary screen
Entry analysis
The completed daily bar confirms a bearish head-and-shoulders-top boundary break: the 2026-09-21 close is below the stored neckline trigger. The formation is actionable as a short signal, but evidence quality is mixed because breakout volume is only modestly supportive, broader market confirmation is absent, and the stored minimum objective offers limited reward relative to the structural stop risk.
The exact completion rule is a completed-bar break of the neckline. The 2026-09-21 close at 11.14 is below the stored trigger price of 11.29, so the entry trigger is satisfied. A temporary intraday penetration without a completed close would not have been sufficient.
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Trend context
AGRO first shows the required prior advance into the September structure, then develops a minor topping sequence. The current stock evidence is bearish after the neckline break, while the broader benchmark and market screens remain mixed rather than decisively bearish.
Formation context
This is a confirmed head-and-shoulders top candidate because the prior advance, left shoulder, higher head, lower right shoulder, neckline, and duration are represented in the completed-bar packet. The pattern was only a warning before the neckline break; it became a signal after the completed daily close below the stored 11.29 boundary.
Volume confirmation
Volume on the boundary-break bar is above the stored base comparison, with a 1.09 breakout-volume ratio. This corroborates the break but is moderate rather than decisive, so continued downside follow-through matters.
Structural stop
The stored stop is 12.73, based on the formation-boundary reference of 12.12 with the historical 5% example filter. That percentage is not universal: it must fit AGRO's movement habit, liquidity, gap behavior, and volatility. The stop is a structural risk control, not proof that the formation will fail, and a gap could produce a worse fill.
Minimum objective
The stored minimum objective is 9.80, derived from the head-to-neckline measurement and projected from the confirmed boundary break. It is a minimum implication rather than a guaranteed target or automatic exit. The stored reward-risk value of 0.84 means the minimum objective does not offer especially attractive compensation for the structural risk to 12.73.
Failure condition
The bearish formation would be weakened or failed by a prompt return inside the formation, especially a decisive reclaim of the 11.29 neckline. A move through the stored 12.73 protective stop would also terminate the planned short-risk case; it would not require widening the stop.
Evidence to watch next
Stronger evidence would be sustained closes below the neckline, downside follow-through toward but not automatically out of the 9.80 minimum objective, and continued volume support. Rejection of the breakdown, a sustained close back above the neckline, or renewed strength through the right-shoulder area would weaken or reject the setup.
Validated levels
Boundary
$12.79
Close
$11.14
Minimum objective
$9.80
Filtered stop
$12.73
Objective / risk
0.84R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior advance is present: AGRO rallied from the August low area into the September formation, supporting reversal-pattern context rather than a pattern formed inside an established base.
• The formation has three stored upper contacts: 2026-09-01, 2026-09-10, and 2026-09-17, with the middle contact designated as the higher head and the later contact as the lower right shoulder.
• The stored neckline boundary is 11.29, and the completed 2026-09-21 close at 11.14 is below that boundary.
• The stored breakout volume ratio is 1.09, providing some downside-break support.
• The measured minimum objective is stored at 9.80 and has not been reached.
Contrary evidence
• Breakout volume is supportive but not forceful; a 1.09 ratio is not strong confirmation by itself.
• The market context is not confirmed: the primary screen is transition, the secondary screen is bullish, and breadth is 49.89% bullish.
• The stored reward-risk value is 0.84, indicating that the minimum objective is relatively close compared with the structural stop distance.
• The neckline break is recent, so follow-through has not yet demonstrated that price will remain outside the formation.
FFBC
First Financial Bancorp.
head shoulders top · short
New trigger
signal
Price
$31.74
Trigger
$31.94
Stop
$34.69
Objective
$29.30
Objective / risk
0.83R
Volume
0.77x
bullish primary screen
Entry analysis
FFBC has a confirmed bearish head-and-shoulders-top boundary break, but the short signal is weakened by below-baseline breakout volume, incomplete stored lower-contact detail, and a broader trend context that is not fully bearish. The stored minimum objective offers inadequate reward relative to the stored structural risk.
The warning and setup states are distinct from the signal. Before the neckline was broken, the shape was only a warning/setup and was not actionable as a completed top. The completed 2026-09-21 bar closed at 31.74 against the 31.94 neckline, satisfying the required completed-bar boundary rule and producing the stored short signal. The trigger is valid on price, but its strength is reduced by weak volume and limited latest-bar follow-through.
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Trend context
FFBC had a clear preceding advance before the proposed reversal structure, making a head-and-shoulders top contextually eligible. However, the current broader context is mixed: the primary benchmark trend remains bullish, and market confirmation is not established. That does not invalidate the individual bearish signal, but it lowers its quality and argues against treating it as a strong broad-market short environment.
Formation context
The stored structure is consistent with a head-and-shoulders top: an advance, a left-side peak, a higher head, and a right-side rally that failed below the head. The stored upper contacts support the shoulder/head framework. The absence of stored lower-contact dates is a material evidence limitation. The formation was not complete at the right shoulder; completion required the neckline break.
Volume confirmation
The stored breakout-volume ratio is 0.77, indicating lighter-than-preferred activity on the neckline break. Volume therefore corroborates the bearish interpretation only weakly. A stronger signal would show expanding downside participation on subsequent completed bars, while a quiet break followed by recovery above the neckline would undermine it.
Structural stop
The stored stop is 34.69, derived from the formation boundary with the historical 5% example filter beyond the stored stop reference. That historical filter is not universal: it must fit FFBC’s own movement habit, liquidity, gap behavior, and normal volatility. The stop should remain tied to structural invalidation and should not be widened merely to avoid an exit. A sustained recovery back above the neckline, especially toward the right-side structure, would weaken or invalidate the bearish setup before the stored stop is reached.
Minimum objective
The stored minimum objective is 29.3, derived from the formation-depth method after the confirmed neckline break. It is a minimum implication, not a guaranteed destination or an automatic exit. The stored reward-risk value of 0.83 shows that the minimum potential move is not adequate relative to the stored structural risk; this is an unfavorable opportunity filter even though the pattern has technically triggered. If price continues lower, current price action and progressive protection should determine management rather than an automatic exit at 29.3.
Failure condition
The bearish formation is weakened if completed bars reclaim and hold above the 31.94 neckline, particularly if price advances back through the right-shoulder area. A move through the stored structural stop at 34.69 is the stated risk-control failure level. Strong upside price action with improving volume would reject the bearish interpretation more decisively.
Evidence to watch next
The setup would strengthen with consecutive completed closes below 31.94, expanding downside volume, and failure of any neckline retest from below. It would weaken with a quick recovery above 31.94, low-volume downside drift without follow-through, or a bullish reversal that re-enters the formation. Broader confirmation would improve if the benchmark and related market measures also turned decisively bearish.
Validated levels
Boundary
$34.58
Close
$31.74
Minimum objective
$29.30
Filtered stop
$34.69
Objective / risk
0.83R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The completed bars show a prior advance from the upper-27 area into the mid-30s, satisfying the required prior-uptrend context for a topping formation.
• The packet identifies a left shoulder, a higher head, and a lower right-side rally, with upper formation contacts recorded on 2026-06-15, 2026-08-05, and 2026-09-15.
• The stored neckline boundary is 31.94, and the completed 2026-09-21 bar closed at 31.74, below that boundary.
• The formation is therefore confirmed under the boundary-completion rule: a completed bar closed through the neckline rather than merely probing it intraday.
• The stored minimum objective is 29.3, while the stored current price is 31.74 and the stored structural stop is 34.69.
• The stored reward-risk value is 0.83, indicating that the minimum measured reward is smaller than the structural risk without applying any fixed reward-risk threshold.
Contrary evidence
• Breakout volume is stored at 0.77 of the comparison volume, so downside participation did not provide strong confirmation.
• The benchmark remains primary bullish with minor and secondary transition readings, while breadth is near balance rather than decisively bearish.
• The packet records no lower-contact dates, which reduces confidence in the precision of the stored neckline construction even though the boundary break itself is present.
• Price moved below the neckline only modestly on the latest completed bar, so additional follow-through would improve confirmation quality.
IOT
Samsara Inc.
head shoulders top · short
New trigger
signal
Price
$38.05
Trigger
$38.60
Stop
$45.35
Objective
$32.08
Objective / risk
0.82R
Volume
0.59x
bullish primary screen
Entry analysis
The completed-bar evidence confirms a bearish head-and-shoulders-top boundary break, but the fresh-entry reward is not adequate relative to the stored structural risk. The bearish signal remains active as a watchlist signal rather than an attractive new short at the recorded levels.
A head-and-shoulders top is not complete merely because the right shoulder forms. The exact completion event is a completed-bar close through the neckline. The 2026-09-21 close at 38.05 is below the supplied 38.6 boundary, so the price trigger is complete. This is distinct from a warning or setup: the warning was the developing shape, the setup was the formed pattern awaiting the break, and the signal is the completed-bar neckline break.
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Trend context
The issue had the required prior advance for a top formation, followed by a minor bearish turn. However, the broader context is mixed: the issue's primary and secondary screens are bullish while its minor screen is bearish; the benchmark screens are not aligned for formal bearish confirmation.
Formation context
The named formation is a head-and-shoulders top: an advancing background, a left-side high, a higher central high, and a lower right-side rally. The supplied upper contacts are 2026-08-27, 2026-09-04, and 2026-09-14; the stated neckline boundary is 38.6 and the stated formation high is 45.12. The absence of supplied lower-contact dates makes the geometric evidence less complete, but the packet's confirmed classification is supported by the completed neckline close.
Volume confirmation
The downside break has recorded breakout volume of 0.59 relative to base volume. That is weaker than ideal confirmation for a top, so volume supports the break only modestly. It does not negate the completed price trigger, but it lowers confidence and makes follow-through important.
Structural stop
The stored stop is 45.35, using the supplied formation-boundary-filtered method and no confirmed Basing Point. The packet identifies 43.19 as the stop reference and a 5% filter. That historical 5% example is only an allowance for normal movement; it must fit the issue's movement habit and is not universal. A stop should remain beyond the structural invalidation area, and a gap can produce execution worse than the stop.
Minimum objective
The stored minimum objective is 32.08, derived by the supplied head-to-neckline-depth method, and it remains incomplete. The recorded reward-to-risk value is 0.82, so the minimum objective does not offer adequate potential relative to the stored structural risk for a fresh short. The minimum objective is a measuring implication, not an automatic exit; subsequent price action and progressive risk control would govern management.
Failure condition
The bearish formation is weakened or invalidated by a decisive recovery back above the broken neckline, particularly if price re-establishes itself within the formation. A move through the stored stop area at 45.35 would also invalidate the planned short-risk structure. No confirmed Basing Point is supplied.
Evidence to watch next
Stronger bearish evidence would be continued completed-bar closes below the neckline, downside follow-through toward but not automatically through the 32.08 minimum objective, and improving downside volume. Rejection of the break, a prompt close back above 38.6, or a rally toward and through the right-shoulder/stop reference would weaken or reject the watchlist signal. Broader bearish confirmation from the primary and secondary trend screens would also improve context.
Validated levels
Boundary
$45.12
Close
$38.05
Minimum objective
$32.08
Filtered stop
$45.35
Objective / risk
0.82R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• A prior advance is present: price rose from the late-July low area into the August advance and subsequently reached the recorded formation highs.
• The supplied formation identifies three upper contacts on 2026-08-27, 2026-09-04, and 2026-09-14, with the middle high at the formation boundary high and the later rally failing below it.
• The 2026-09-21 completed bar closed at 38.05, below the stated neckline boundary at 38.6. Under the required completion rule, a completed-bar close beyond the neckline completes the top.
• The recorded minimum objective is 32.08 and has not been reached.
• The minor trend screen is bearish, which is consistent with the completed neckline break.
Contrary evidence
• Breakout volume is recorded at 0.59 of the base-volume reference, so volume corroboration is weak rather than strong. Price confirmation is present, but the participation evidence is not compelling.
• The primary and secondary trend screens remain bullish, and the benchmark confirmation state is not confirmed. This creates a broader-trend conflict for a bearish position.
• The stored reward-to-risk figure is 0.82, indicating that the remaining minimum-objective potential is smaller than the structural risk at the stored stop.
• The price has already moved below the stated trigger level, reducing the quality of a fresh entry at that level.
BMNR
BitMine Immersion Technologies,
rounding bottom · long
New trigger
signal
Price
$28.25
Trigger
$26.97
Stop
$12.16
Objective
$41.14
Objective / risk
0.80R
Volume
1.32x
transition primary screen
Entry analysis
The completed-bar evidence confirms a bullish rounding-bottom breakout, but mixed market context, limited follow-through evidence, and inadequate stored reward relative to structural risk argue for a qualified signal rather than an unreserved bullish judgment.
The trigger is a signal, not merely a setup, because the completed 2026-09-21 close of 28.25 cleared the 26.97 boundary. The high was 28.33. Additional price action is still needed to distinguish durable continuation from a failed breakout.
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Trend context
The necessary prior bearish trend preceded the formation. Broader market evidence is mixed and does not yet provide full confirmation for the individual breakout.
Formation context
The completed structure is classified as a confirmed rounding bottom. Price declined into the 12.80 low, formed the rounded base, and recovered toward the 26.97 overhead-resistance boundary over 90 sessions. The formation contacts support the classification, but the pattern's completion does not guarantee persistence.
Volume confirmation
The 1.32 breakout-volume ratio supports the upward boundary penetration and is stronger than a low-volume break. No later completed bars are supplied to confirm continued volume support or reveal distribution.
Structural stop
The stored stop is 12.16, based on the historical 5% example filter beyond the 12.80 formation boundary; no confirmed Basing Point is stored. That 5% filter is an example, not a universal rule, and must fit the issue's movement habit and volatility. The large structural distance to the stop contributes to the inadequate stored reward relative to risk.
Minimum objective
The stored minimum objective is 41.14, derived from the formation depth. It is a minimum measuring guide rather than an automatic exit. Subsequent price behavior, resistance, and trend evidence should determine management.
Failure condition
The breakout would be weakened by a completed close back below the 26.97 boundary, particularly if accompanied by expanding selling volume. Deeper weakness through the formation would provide stronger evidence that the completion failed. No failed-breakout bar is present in the supplied packet.
Evidence to watch next
The signal would strengthen through additional completed closes above 26.97, constructive follow-through, continued supportive volume, and improving benchmark and breadth confirmation. It would be rejected or downgraded by a failed close back below 26.97, especially with expanding selling volume, or by further evidence that the minimum objective remains inadequate relative to the structural risk.
Validated levels
Boundary
$26.97
Close
$28.25
Minimum objective
$41.14
Filtered stop
$12.16
Objective / risk
0.80R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior bearish trend is present, with a stored prior-trend change of -7.35% and a decline into the 12.80 formation low.
• The 90-session structure shows the required rounded decline, bottoming area, and recovery, with a lower contact on 2026-06-30 and upper-area contacts on 2026-05-12 and 2026-09-18.
• The exact completion rule is satisfied: the completed 2026-09-21 bar closed at 28.25, above the 26.97 overhead-resistance boundary.
• Breakout volume is recorded at 1.32 times base volume, supporting the boundary break.
• The stored minimum formation-depth objective is 41.14, above the 28.25 completion price.
Contrary evidence
• The benchmark context is mixed: its primary screen is bullish, while minor and secondary screens are in transition; breadth is 49.89% bullish and the market confirmation state is not confirmed.
• The stored reward/risk value is 0.8, indicating that the minimum objective does not adequately compensate for the structural risk represented by the stored stop.
• Only one completed bar beyond the boundary is supplied, so sustained follow-through has not yet been demonstrated.
• The issue is highly volatile, and the historical 5% boundary filter may not provide sufficient allowance for its normal movement habit.
PGNY
Progyny, Inc.
rising wedge · short
New trigger
signal
Price
$26.86
Trigger
$26.87
Stop
$28.57
Objective
$25.50
Objective / risk
0.80R
Volume
0.63x
bullish primary screen
Entry analysis
The completed 2026-09-21 bar closes below the rising-wedge lower boundary, completing the required downside boundary break. The short signal is bearish, but weak breakout volume and an inadequate stored reward-to-structural-risk assessment reduce confidence.
The exact completion rule is met by a completed daily close beyond the relevant formation boundary. The 2026-09-21 close of 26.86 is below the stored lower boundary and trigger level of 26.87. No intraday or uncompleted-bar evidence is used.
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Trend context
PGNY had a clear advancing prior trend into the formation, satisfying the required context for a rising wedge considered for a short resolution. The current stock screens are minor bullish, primary bullish, and secondary bearish, so the short signal is counter to the primary screen. The benchmark context is also mixed, with bullish primary conditions but transition or bearish lower-degree conditions.
Formation context
The repeated contacts support converging upper and lower boundaries over the stated 30-session duration. The rising-wedge classification is confirmed by the prior advance, coherent contacts, and completed downside boundary break. The gap at the formation start remains contextual warning evidence, not the completion event.
Volume confirmation
Volume supports the existence of the formation but does not strongly validate the breakdown: the stored breakout volume ratio is 0.63, below the formation base-volume reference. Price completion therefore carries more weight than volume confirmation, leaving the signal mixed rather than strong.
Structural stop
The stored short stop is 28.57, referenced to the formation's upper boundary at 27.21 and filtered with the historical 5% example allowance. That filter is not universal; it must fit PGNY's movement habit, volatility, liquidity, and gap behavior. The structural invalidation is a sustained move back above the formation's upper boundary, with the stored filtered stop serving as the protective level.
Minimum objective
The stored minimum objective is 25.50, based on the widest formation height, and it remains active because it has not been reached. The supplied reward-risk assessment is 0.8, so the minimum objective does not adequately compensate for the stated structural risk. The objective is a minimum measured implication, not an automatic exit; subsequent price and trend evidence should govern continuation or exit decisions.
Failure condition
The short formation is invalidated by a return above the rising-wedge upper boundary, particularly if price re-enters and sustains within the formation after the break. The stored protective stop is 28.57. A failed breakdown or decisive recovery toward the upper boundary would reject the short watchlist thesis.
Evidence to watch next
Stronger confirmation would be additional completed bars holding below 26.87, preferably with expanding downside volume, followed by progress toward 25.50 without recovering into the wedge. Rejection evidence would be a prompt close back inside the formation, a sustained move above the lower boundary, or a recovery through the upper boundary and stored stop.
Validated levels
Boundary
$27.21
Close
$26.86
Minimum objective
$25.50
Filtered stop
$28.57
Objective / risk
0.80R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior trend is present: PGNY advanced substantially before the formation began on 2026-08-07.
• The formation has repeated lower-boundary contacts on 2026-08-07, 2026-08-12, 2026-08-18, 2026-08-28, 2026-09-03, 2026-09-09, and 2026-09-17, with upper-boundary contacts on 2026-08-20, 2026-09-03, 2026-09-09, and 2026-09-18.
• The 2026-09-21 completed bar closes at 26.86, below the stored lower boundary and trigger price of 26.87; this satisfies the price-completion rule for the downside signal.
• The formation is marked confirmed, with the minimum objective stored at 25.50 and not yet reached.
Contrary evidence
• Breakout volume is stored at 0.63 of the formation base volume, so the downside break lacks strong volume confirmation.
• The broader context is mixed: PGNY's primary trend screen is bullish, its secondary screen is bearish, and the market confirmation state is not confirmed.
• The stored reward-risk assessment is 0.8, indicating that the minimum objective does not offer adequate compensation relative to the structural risk under the supplied plan.
• The 2026-08-07 gap event was initially only a warning; it is not treated as the entry signal. Later price action, rather than the gap itself, supplies the confirmation.
ROAD
Construction Partners, Inc.
falling wedge · long
New trigger
signal
Price
$94.46
Trigger
$94.26
Stop
$87.06
Objective
$100.29
Objective / risk
0.79R
Volume
1.28x
bearish primary screen
Entry analysis
ROAD has a completed bullish falling-wedge breakout, but the signal is counter to the established bearish primary and minor trends. The formation signal is valid on completed-bar evidence, while the broader context warrants a transition classification rather than an unqualified bullish result.
The prior warning state was the developing wedge and its possible bullish resolution; the setup state was the completed structure awaiting a valid boundary break. The signal state is now active because the completed 2026-09-21 bar closed above the stored upper boundary of 94.26. This satisfies the exact completion rule requiring a completed-bar close beyond the boundary, rather than relying on an intraday high.
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Trend context
The prior trend before the falling wedge was bearish, satisfying the required context for a potential bullish reversal formation. ROAD's current minor and primary screens remain bearish, while the secondary screen is transitioning. The broader market evidence is mixed and lacks confirmation, so the breakout changes the immediate posture but does not yet establish a durable uptrend.
Formation context
The named formation is a confirmed falling wedge: two converging declining boundaries with six recorded lower-boundary contacts and six upper-boundary contacts from 2026-08-10 through 2026-09-16. The formation is bullish in implication because the decline is narrowing, but its implication is subordinate to the required price completion and subsequent follow-through.
Volume confirmation
Volume contracted during the formation relative to the stored base, then expanded on the breakout to a recorded 1.28 breakout-volume ratio. That is supportive for the upside completion, but volume confirms participation rather than guaranteeing continuation. A later completed bar holding above the broken boundary would provide stronger evidence.
Structural stop
The stored stop is 87.06, referenced to the lower formation boundary at 91.64 with the historical 5% example filter beyond that boundary. This filter is not universal: it must fit ROAD's normal movement habit, volatility, liquidity, and the formation's structural behavior. The packet contains no confirmed Basing Point, so the stop is not based on one. The stored reward-risk value of 0.79 shows that structural risk is large relative to the minimum objective's available reward.
Minimum objective
The stored minimum objective is 100.29, derived by adding the stored widest-formation measurement of 6.03 to the breakout reference. It is an active minimum implication, not a guaranteed target or automatic exit. Price has not reached the stored objective in the packet; continuation, stalling, and new support should determine management.
Failure condition
The bullish formation signal is weakened or failed by a completed-bar close back below the broken upper boundary, especially if followed by continued weakness. A decisive move through the lower formation boundary, or a stop execution at the stored invalidation level, would invalidate the long setup. No failed-breakout date is recorded.
Evidence to watch next
Stronger evidence would be a completed bar that holds above 94.26, additional upside follow-through with constructive volume, and improvement in ROAD's minor and primary trend screens alongside broader market confirmation. Rejection back into the wedge, a close below the broken boundary, weakening volume on attempted advances, or renewed lower lows would reject or materially weaken the setup.
Validated levels
Boundary
$94.26
Close
$94.46
Minimum objective
$100.29
Filtered stop
$87.06
Objective / risk
0.79R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend into the formation was bearish, with price declining from the earlier high area into the wedge; this supplies the required declining context for a bullish falling wedge.
• The formation has converging declining boundaries and multiple recorded lower-boundary and upper-boundary contacts, including six contacts on each boundary.
• The 2026-09-21 completed bar closed at 94.46, above the stored upper boundary of 94.26. Under the boundary-completion rule, the close beyond the boundary completes the breakout; an intraday penetration alone would not have been sufficient.
• Breakout volume is recorded at 1.28 times the base volume, while the base volume ratio is 0.60, providing supportive expansion on the upside break.
• The stored minimum objective is 100.29 and remains incomplete.
Contrary evidence
• The stock's stored minor and primary trend screens are bearish, with only the secondary screen in transition.
• The market context is not confirmed: breadth is near balance at 49.89% bullish, and the related-average context is mixed rather than uniformly supportive.
• The stored reward-risk value is 0.79, indicating that the minimum objective does not offer adequate reward relative to the stated structural stop risk for a fresh entry under this review.
• The breakout is a tactical signal, but follow-through beyond the boundary is not yet established by a later completed bar in the packet.
DOCN
DigitalOcean Holdings, Inc.
triple bottom · long
New trigger
signal
Price
$146.16
Trigger
$144.52
Stop
$105.57
Objective
$174.89
Objective / risk
0.71R
Volume
1.54x
bullish primary screen
Entry analysis
The completed bars show a confirmed triple-bottom boundary break, but the breakout occurred as a large gap event and therefore remains a warning pending later price action. The formation is bullish, while immediate commitment is not fully validated.
The exact boundary-completion rule is satisfied by the completed 2026-09-21 bar: it closed above the 144.52 intervening-reaction boundary. An intrabar penetration alone would not have completed the formation; the closing break is the relevant evidence. However, because completion occurred through a gap event, the entry state remains a warning until later bars demonstrate that price can hold above the boundary.
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Trend context
The issue first shows a substantial decline into the formation, satisfying the required reversal context for a triple bottom. The stored minor, primary, and secondary screens are now bullish, but the external market confirmation remains incomplete, so the trend backdrop supports the pattern without removing its confirmation risk.
Formation context
The formation is classified as a triple bottom because three separated lower contacts are recorded with an intervening reaction high at 144.52. The contacts are not identical lows, but they fall within the packet's stated tolerance. There is no confirmed Basing Point stored.
Volume confirmation
The stored breakout-volume ratio of 1.54 supports the upside break, indicating stronger participation than the formation baseline. Volume is corroborating evidence only; it does not overcome the need for later price confirmation, particularly after a gap breakout.
Structural stop
The stored stop is 105.57, derived from the 111.13 structural reference with the historical 5% example filter beyond the formation boundary or confirmed Basing Point. That filter is not universal: it must fit the issue's normal movement habit, volatility, and gap behavior. Since no confirmed Basing Point is stored, the formation-based reference remains the relevant structural basis.
Minimum objective
The stored minimum formation objective is 174.89, derived from the stated formation depth. It is a minimum implication, not an automatic exit or guaranteed target. Relative to the stored structural stop and current price, the packet's 0.71 reward-risk measure indicates inadequate compensation at present, so the objective does not by itself justify immediate commitment.
Failure condition
A prompt return into the formation range, especially a completed close back below 144.52, would reject or materially weaken the breakout. A decline through the stored 105.57 stop would invalidate the stated risk plan. Failure to hold above the boundary after the gap would be stronger contrary evidence than an ordinary shallow retest.
Evidence to watch next
The setup would strengthen through one or more subsequent completed bars holding above 144.52, preferably with continued or renewed volume, followed by a successful retest that remains above the boundary. It would weaken through a close back inside the formation, a gap-fade reversal, or a decisive move toward the stored structural stop.
Validated levels
Boundary
$144.52
Close
$146.16
Minimum objective
$174.89
Filtered stop
$105.57
Objective / risk
0.71R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior declining trend is present: the packet records a prior trend change of -0.3154 before the formation began.
• Three separated lower contacts are recorded on 2026-07-17, 2026-08-06, and 2026-09-14, with lows clustered around the stated formation area.
• The intervening reaction boundary is 144.52, and the 2026-09-21 completed bar closed at 146.16 after trading to 148.04.
• The stored breakout-volume ratio is 1.54, providing supportive participation on the boundary break.
• The broader trend screens are bullish for the issue, although the benchmark confirmation state is not confirmed.
Contrary evidence
• The 2026-09-21 breakout followed a substantial gap from the prior completed bar. A gap event is a warning until subsequent price action confirms that the move can hold.
• Only one completed bar is available after the boundary break, so there is no later retest or sustained acceptance above 144.52.
• The market context is mixed: breadth is below half bullish, and DIA and IYT do not provide uniform confirmation.
• The stored reward-risk value is 0.71, indicating that the minimum objective does not adequately compensate for the structural stop distance at this stage.
AJG
Arthur J. Gallagher & Co.
rectangle · short
New trigger
signal
Price
$236.61
Trigger
$238.75
Stop
$285.66
Objective
$205.44
Objective / risk
0.64R
Volume
0.94x
bullish primary screen
Entry analysis
AJG has a confirmed bearish rectangle breakdown after a prior advance, with the completed 2026-09-21 bar closing below the lower boundary. The price event is a signal, while weak breakdown volume and incomplete broader-market confirmation remain warnings; the stored minimum objective does not offer adequate reward relative to the structural risk.
The 2026-09-21 completed bar traded below and closed below 238.75 at 236.61. That completed close, rather than an intrabar penetration alone, activates the short signal. The earlier range was a setup; the boundary break is the separate signal state.
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Trend context
The prior price movement was bullish into the formation, while the completed-bar trend screens now show minor bearish, primary bullish, and secondary bearish conditions. The mixed trend degrees support a bearish tactical signal but not broad primary-trend confirmation.
Formation context
This is a confirmed rectangle with horizontal boundaries at 238.75 and 272.06. The repeated upper and lower contacts establish the range. The prior advance means the rectangle could have served as a reversal or continuation structure; direction was unresolved until the completed closing break below support.
Volume confirmation
Breakdown volume is stored at 0.94 relative to base volume, below the base ratio of 1.02. This is not strong expansion on the break, so follow-through price action is more important than the initial volume reading.
Structural stop
The stored protective stop is 285.66, referenced to the upper formation boundary and filtered beyond it. The historical 5% example filter is only an example: it must fit the issue's movement habit, volatility, liquidity, and gap behavior and is not universal. A stop can fill materially worse after a gap.
Minimum objective
The stored minimum objective is 205.44, derived by the formation-height method, and has not been reached. It is a minimum measured implication, not a guaranteed target or automatic exit. The stored reward-risk assessment of 0.64 shows that this objective is not adequate relative to the structural risk for a fresh position.
Failure condition
The bearish rectangle signal is weakened or failed by a prompt return into the rectangle, especially a completed close back above the 238.75 lower boundary. The stored protective stop at 285.66 is the risk-control level beyond the formation's upper boundary.
Evidence to watch next
A stronger watchlist case would require continued completed-bar closes below 238.75, preferably with expanding downside volume, no prompt return into the range, and broader-market trend deterioration. The setup would be rejected or downgraded if price closes back inside the rectangle, reclaims the lower boundary, or shows sustained strength toward the upper boundary.
Validated levels
Boundary
$272.06
Close
$236.61
Minimum objective
$205.44
Filtered stop
$285.66
Objective / risk
0.64R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend was an advance into the late-July high, providing the required directional context for a possible reversal or continuation rectangle.
• The rectangle has two recorded upper contacts on 2026-08-24 and 2026-09-03 and two lower contacts on 2026-09-11 and 2026-09-16.
• The completed 2026-09-21 bar closed at 236.61, below the 238.75 lower boundary, satisfying the required closing-boundary completion rule for the short breakdown.
• The minimum objective is stored as 205.44 and remains incomplete.
• Minor and secondary trend screens are bearish.
Contrary evidence
• Breakout volume was only 0.94 of base volume versus a base volume ratio of 1.02, so volume does not strongly confirm the breakdown.
• The primary trend screen remains bullish, and benchmark confirmation is explicitly not confirmed.
• The stored reward-risk assessment is 0.64, indicating inadequate reward relative to the structural risk of the short setup.
• A prompt recovery back inside the rectangle would provide contrary evidence and raise the possibility of a failed breakdown.
ESAB
ESAB Corporation
falling wedge · long
New trigger
signal
Price
$67.01
Trigger
$66.55
Stop
$61.42
Objective
$70.23
Objective / risk
0.58R
Volume
1.79x
bearish primary screen
Entry analysis
ESAB has a confirmed bullish falling-wedge boundary completion, but the long signal is counter to bearish primary, secondary, and minor trend screens and the broader market confirmation is absent. The stored minimum objective does not offer adequate reward relative to the structural risk, so this is a technically triggered but weak watchlist signal rather than a favorable fresh-entry setup.
The exact boundary-completion rule is met on the completed September 21 bar: its close of 67.01 finished above the 66.55 upper boundary. A mere intraday penetration would not have completed the pattern; the completed-bar close is the relevant evidence. The trigger is therefore a signal, distinct from the earlier setup or warning states.
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Trend context
The issue entered the formation after a substantial decline, which supplies the required prior bearish trend for a falling wedge with bullish implications. However, all supplied trend screens remain bearish, and the benchmark confirmation state is not confirmed. The immediate formation signal therefore conflicts with the larger trend context and is best classified as transition rather than established bullish trend.
Formation context
The named formation is a falling wedge: both boundaries slope downward while converging. The supplied contact dates show repeated interaction with both boundaries from August 11 through September 16, supporting a coherent formation rather than a single-line impression. Its duration is 30 sessions, and the formation is marked confirmed.
Volume confirmation
Breakout volume is recorded at 1.79 times the base-volume reference, materially stronger than the formation baseline of 1.05. This supports the price completion, although volume cannot override the bearish trend screens or substitute for subsequent follow-through.
Structural stop
The stored stop is 61.42, referenced to the lower formation boundary at 64.65 and using the historical 5% example filter beyond that boundary. That filter is not universal: it must fit ESAB's movement habit, volatility, liquidity, and gap behavior. The lower boundary is the structural invalidation area; a decisive return through it weakens or rejects the bullish formation, while reaching the stored filtered stop ends the long thesis. No stop should be widened merely to preserve the setup.
Minimum objective
The stored minimum objective is 70.23, derived using the widest formation-height method and activated only after the confirmed boundary break. It remains incomplete. The objective is a minimum measurement, not a guaranteed destination or automatic exit; current trend, volume, price behavior, and any later valid basing points should govern management. At the supplied price and stored stop, the objective does not provide adequate reward relative to structural risk.
Failure condition
The bullish signal would be rejected by a decisive completed-bar return below the lower wedge boundary, particularly if price reaches the stored filtered stop at 61.42. A failed breakout or weak recovery after a return into the wedge would further invalidate the long interpretation.
Evidence to watch next
Stronger evidence would be one or more completed bars holding above 66.55, continued upside progress toward 70.23 on constructive volume, and eventually a confirmed higher low that qualifies as a Basing Point. Rejection would be signaled by a close back inside or below the wedge, expanding downside volume, renewed lower lows, or continued bearish confirmation from the benchmark and market screens.
Validated levels
Boundary
$66.55
Close
$67.01
Minimum objective
$70.23
Filtered stop
$61.42
Objective / risk
0.58R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend was bearish: price declined from the April high near 110.21 to the September 18 close near 64.94, with broadly lower highs and lower lows.
• The falling wedge has the required converging downward boundaries and repeated contacts: seven recorded lower-boundary contacts and seven upper-boundary contacts.
• The completed September 21 bar closed at 67.01, above the stored upper boundary and trigger level of 66.55. This satisfies the required completion rule: a completed daily bar must close beyond the formation boundary.
• Breakout volume was recorded at 1.79 times the base-volume reference, providing meaningful confirmation of the upside boundary break.
• The formation remains unfailed, and the stored objective has not been reached.
Contrary evidence
• The benchmark trend screens are bearish across minor, primary, and secondary degrees, while the broader confirmation state is not confirmed.
• The minimum objective is stored at 70.23, versus a current price of 67.01, while the stored protective stop is 61.42; the available reward is materially smaller than the structural risk.
• The breakout is only represented by the latest completed bar, so additional follow-through would improve confidence in the reversal from the prior decline.
• No confirmed Basing Point is present for progressive-stop support.
LYB
LyondellBasell Industries NV
head shoulders top · short
New trigger
signal
Price
$60.24
Trigger
$61.88
Stop
$68.79
Objective
$55.34
Objective / risk
0.57R
Volume
0.90x
transition primary screen
Entry analysis
The completed-bar evidence confirms a head-and-shoulders-top downside break, but weak breakout volume, mixed broader context, and limited structural reward relative to the stored stop reduce the quality of the short setup.
The short signal was completed when the 2026-09-21 bar closed below 61.88 at 60.24. This separates the confirmed signal from an earlier warning or setup. Since the bar has already moved materially below the boundary, the packet does not show a new boundary-entry opportunity at the review point.
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Trend context
The prior trend was upward into the formation, as required for a top formation. Broader conditions are mixed rather than uniformly bearish, with the benchmark's primary and secondary screens not aligned with the minor bearish reading.
Formation context
The structure is classified as a confirmed head-and-shoulders top. The packet records the formation contacts and a neckline at 61.88. The exact completion rule is satisfied by a completed daily close below the neckline; an intrabar move below it alone would not complete the formation.
Volume confirmation
Volume weakens the signal's quality. The recorded breakout volume ratio of 0.9 does not show convincing expansion relative to the formation's base volume. Further completed-bar downside movement with stronger volume would improve confirmation; a reclaim of the neckline, especially with upside volume, would undermine it.
Structural stop
The stored stop is 68.79, based on the 65.51 formation reference with a 5% filter. That filter is a historical example rather than a universal rule; it must fit the issue's normal movement habit and volatility. The stop should remain tied to structural invalidation and should not be widened to preserve the position.
Minimum objective
The stored minimum objective is 55.34, derived from the recorded head-to-neckline depth. It has not been reached. The available move to that objective is limited relative to the stored structural risk, as reflected by the 0.57 reward-risk value. The minimum objective is a measuring guide, not an automatic exit; later price action and progressive protection should govern management.
Failure condition
A completed-bar close back above the 61.88 neckline would reject the downside completion and weaken the short thesis. A completed move above the formation's upper structure would provide stronger failure evidence.
Evidence to watch next
The setup would strengthen if subsequent completed bars remain below 61.88, show improving downside volume, and progress toward 55.34 without reclaiming the neckline. It would be rejected by a completed-bar recovery above 61.88, particularly with strong upside volume or rapid upside follow-through.
Validated levels
Boundary
$68.42
Close
$60.24
Minimum objective
$55.34
Filtered stop
$68.79
Objective / risk
0.57R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The formation follows a prior advance, satisfying the required trend context for a head-and-shoulders top.
• The packet records the required formation contacts, including upper contacts on 2026-08-11, 2026-08-21, and 2026-09-16.
• The 2026-09-21 bar closed at 60.24, below the 61.88 neckline.
• The packet classifies the formation as confirmed and the screen as triggered.
Contrary evidence
• The breakout volume ratio is 0.9, so the downside break lacks strong volume confirmation.
• The benchmark context is mixed: minor trend is bearish, primary trend is transition, secondary trend is bullish, and confirmation is not established.
• The stored reward-risk value is 0.57, indicating limited potential reward relative to the structural risk represented by the stored stop.
• The break is already below the neckline, so the evidence supports an active signal rather than a fresh, lower-risk entry.
CRWV
CoreWeave, Inc.
falling wedge · long
New trigger
signal
Price
$85.43
Trigger
$83.26
Stop
$75.93
Objective
$90.27
Objective / risk
0.51R
Volume
1.34x
bearish primary screen
Entry analysis
The completed bars show a confirmed upside boundary break from the supplied falling-wedge structure, but the setup is weakened by volatile price behavior, adverse broader trend context, and limited reward relative to the stored structural risk.
The exact completion event is a decisive completed-bar close through the upper boundary. On 2026-09-21, the close at 85.43 exceeded the supplied 83.26 boundary and trigger price, so the formation moved from setup to signal. The earlier intraday penetrations did not complete the formation without a qualifying close.
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Trend context
The issue had a sharp upward move immediately before the named formation, which provides the required bullish prior move for a falling-wedge continuation interpretation. However, the larger completed-bar record shows a highly volatile and materially weaker trend, and the current trend screens are bearish. The broader environment therefore does not confirm the long signal.
Formation context
The supplied structure is a falling wedge from 2026-08-07 through 2026-09-18, bounded by converging trendlines. The listed contacts support the classification, but the large gap and wide price swings make it a lower-quality formation. The gap is treated as a warning rather than independent confirmation.
Volume confirmation
The breakout volume ratio of 1.34 versus base volume supports the upside completion. Volume is constructive but not conclusive because the formation itself contains irregular high-volume and gap activity; sustained turnover on additional upside bars would improve confidence.
Structural stop
The stored stop is 75.93, referenced to the lower formation boundary at 79.93 and filtered by the supplied historical 5% example. That filter is not universal: it must fit the issue's movement habit, volatility, liquidity, and gap behavior. Given this issue's unusually large daily ranges and gaps, the stored stop should be regarded as a supplied structural reference rather than proof that normal movement risk is fully covered.
Minimum objective
The supplied minimum objective is 90.27, derived from the widest formation height projected from the completed breakout. It is a minimum potential indication, not an automatic exit. If price approaches or exceeds it, holding or reducing exposure should depend on current trend behavior, volume, support, and a progressively improved protective stop.
Failure condition
The long signal is weakened or invalidated by a decisive completed-bar return below the broken upper boundary, especially if price loses the formation structure and then breaks below the stored structural reference at 79.93. A move through the stored stop at 75.93 would represent the supplied protective exit level, subject to execution and gap risk.
Evidence to watch next
Stronger confirmation would be a sustained close above 83.26, follow-through toward 90.27 on healthy or expanding volume, and improving trend confirmation from the broader market. Rejection back inside the wedge, weak-volume follow-through, renewed heavy selling, or a decisive break below the formation support would reject the watchlist setup.
Validated levels
Boundary
$83.26
Close
$85.43
Minimum objective
$90.27
Filtered stop
$75.93
Objective / risk
0.51R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior context includes a sharp advance into the formation, followed by a generally declining and contracting correction from the August peak area.
• The packet identifies meaningful lower-boundary contacts on 2026-09-04 and 2026-09-14 and upper-boundary contacts on the same dates, supporting the supplied converging-boundary classification.
• The 2026-09-21 bar closed at 85.43, above the supplied upper boundary and trigger level of 83.26. This satisfies the completed-bar boundary-break requirement; the intraday high alone would not have been sufficient.
• Breakout volume is listed at 1.34 times base volume, providing supportive participation on the upside break.
• The stored minimum objective is 90.27, and it has not been reached.
Contrary evidence
• The broader trend screens are bearish across minor, primary, and secondary measures, while the benchmark is not uniformly confirming the move.
• The formation contains unusually large price excursions and a gap event during its development, reducing the clarity of the wedge and requiring later price action for confirmation of durability.
• The supplied formation contacts are limited and overlapping, so the converging-boundary interpretation is less robust than a cleaner multi-contact structure.
• The stored reward-risk reading is 0.51, indicating that the minimum objective offers limited reward relative to the structural stop distance; this is an opportunity-quality concern, not a reason to alter the supplied levels.
PLNT
Planet Fitness, Inc.
triple top · short
New trigger
signal
Price
$47.05
Trigger
$47.58
Stop
$56.70
Objective
$42.35
Objective / risk
0.49R
Volume
1.49x
bearish primary screen
Entry analysis
The completed bars show a bearish boundary completion for the proposed triple top: price broke below the intervening-reaction boundary on 2026-09-21 and closed below it. The short signal is technically active, but the formation contacts are uneven and the stored minimum reward is modest relative to the structural stop distance.
The short trigger is valid under the stated boundary rule because the completed 2026-09-21 bar broke below the intervening-reaction boundary and closed at 47.05, below the stored trigger price of 47.58. This is a signal rather than merely a setup. A close back inside the formation would weaken the breakout, while sustained closes below the boundary would provide stronger confirmation.
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Trend context
The prior trend required for a top reversal is supported by the advance from the May decline into the June-July high area. By the completion date, the symbol's minor, primary, and secondary screens are bearish. The benchmark is less fully aligned: its minor and secondary screens are in transition, and the broader confirmation state is not confirmed.
Formation context
The packet classifies the structure as a confirmed triple top with upper contacts on 2026-06-24, 2026-07-10, and 2026-09-14 and an intervening-reaction boundary at 47.58. The contacts are separated by meaningful reactions, but their heights are uneven, which reduces formation quality. A repeated upper area alone would remain only a warning; the required boundary break is what changes the formation to confirmed.
Volume confirmation
Volume supports the boundary break because the packet stores a breakout volume ratio of 1.49 and the completion bar's volume is elevated versus much of the recent range. Volume is supporting evidence, not a substitute for the completed price break. Follow-through on expanding or persistently firm volume would improve confidence; a prompt return into the formation on heavy volume would be contrary evidence.
Structural stop
The stored stop is 56.7, based on filtering beyond the formation boundary. The historical 5% example filter is only an allowance, not a universal rule; it must fit this issue's movement habit, liquidity, gap behavior, and normal volatility. No confirmed Basing Point is stored, so the stop is not anchored to one. A short position should not have its protective stop raised merely to preserve the trade if price invalidates the pattern.
Minimum objective
The stored minimum objective is 42.35, derived from the formation-depth method. It is a minimum implication, not a guaranteed target or automatic exit. Relative to the stored structural stop and rewardRisk of 0.49, the available minimum reward is not especially adequate for the risk required by the setup. Any decision to hold beyond the minimum objective would require continuing favorable price action and updated structural evidence.
Failure condition
The bearish formation is invalidated if price re-enters and sustains above the broken boundary, or if it reaches the stored protective stop at 56.7. A prompt failed break back into the prior range would be especially damaging to the short thesis.
Evidence to watch next
Stronger evidence would be a further completed-bar decline that remains below 47.58, preferably with continued downside volume, followed by lower highs and lower lows. Rejection back above the boundary, a sustained close inside the formation, or a rally toward the stored stop would weaken or reject the watchlist setup.
Validated levels
Boundary
$52.81
Close
$47.05
Minimum objective
$42.35
Filtered stop
$56.70
Objective / risk
0.49R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required context is present: price advanced from the May low area into the June-July top region before forming the proposed reversal structure.
• The packet identifies three upper contacts on 2026-06-24, 2026-07-10, and 2026-09-14, separated by intervening reactions.
• The exact completion rule is satisfied: a triple top completes only after price breaks below the intervening reaction low; the 2026-09-21 bar traded below and closed below the stored boundary low of 47.58.
• The breakout volume ratio is stored as 1.49, and the completion bar shows materially elevated volume relative to much of the immediately preceding action.
• The symbol and benchmark trend screens are bearish on the analysis date, although broader confirmation remains incomplete.
Contrary evidence
• The upper contacts are not especially uniform: the final listed contact is materially below the earlier top region, so the formation quality is mixed rather than strong.
• The market-context packet reports confirmationState as not_confirmed, limiting confidence in broader trend agreement.
• The stored rewardRisk is 0.49, indicating that the minimum objective does not offer attractive reward relative to the structural risk represented by the stored stop.
• The completion bar recovered from its low and closed only modestly below the trigger boundary, so additional downside follow-through would strengthen the signal.
PPL
PPL Corporation
rectangle · short
New trigger
signal
Price
$33.05
Trigger
$33.20
Stop
$37.05
Objective
$31.11
Objective / risk
0.48R
Volume
0.58x
bearish primary screen
Entry analysis
The completed 2026-09-21 bar closes below the rectangle’s stated 33.20 support boundary, satisfying the short-side price-completion rule. The bearish break is weakened by below-base volume and an unfavorable structural reward relative to the stored filtered stop, so this is a confirmed chart signal but a poor fresh-entry setup.
For a short rectangle, completion requires a completed daily close beyond the lower horizontal boundary, not merely an intraday penetration. The 2026-09-21 completed bar closed at 33.05 below 33.20, so the stored trigger is met. The signal remains vulnerable to failure because the break lacks strong volume and has not yet demonstrated sustained follow-through.
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Trend context
Price entered the named range after a preceding decline, which supports treating the rectangle as a possible bearish continuation rather than a reversal without prior-trend context. The supplied stock screens are bearish, but the broader market evidence is mixed: SPY is not uniformly bearish across trend degrees, breadth is near 50%, and formal market confirmation is not established.
Formation context
The formation is a horizontal rectangle bounded by the stored 33.20 support and 35.29 resistance. It has three stated lower contacts and three upper contacts across the formation window. The prior decline supplies the required directional context. The weaker 2026-08-31 lower contact makes the support zone less exact, but the later contacts near the stated boundary provide sufficient structural continuity for classification.
Volume confirmation
Volume contracted on the boundary break relative to the stored base-volume comparison, with a breakout-volume ratio of 0.58. Volume therefore supports neither strong urgency nor broad participation; additional downside follow-through on stronger volume would improve confidence.
Structural stop
The stored stop is 37.05, referenced to the 35.29 upper boundary and using the historical 5% filter beyond structural invalidation. A close back into the rectangle weakens the break, while sustained recovery through the upper boundary invalidates the short formation. The 5% filter is only a historical example; it must fit the issue’s normal movement habit and is not universal. No confirmed Basing Point is supplied.
Minimum objective
The stored minimum objective is 31.11, derived from projecting the stated rectangle height downward from the completed lower-boundary break. It is a minimum measured implication, not a guaranteed target or automatic exit. Relative to the stored 37.05 stop, the objective does not provide adequate reward for the structural risk of a fresh short entry.
Failure condition
A prompt return into the rectangle after the break would indicate a possible failed breakdown. Recovery above the 33.20 boundary would negate immediate downside follow-through; a move through the 35.29 resistance boundary would invalidate the bearish rectangle interpretation and the stored short thesis.
Evidence to watch next
The setup would strengthen through additional completed closes below 33.20, preferably with expanding volume, while avoiding a prompt return into the range. It would be rejected or downgraded if price closes back inside the rectangle, especially if the return is accompanied by stronger volume, or if price advances toward and through 35.29.
Validated levels
Boundary
$35.29
Close
$33.05
Minimum objective
$31.11
Filtered stop
$37.05
Objective / risk
0.48R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior movement into the 2026-08-21 rectangle was downward, providing the required context for a bearish continuation interpretation.
• The stated rectangle has repeated upper-boundary tests near 35.29 and lower-boundary tests near 33.20, with the later lower contacts on 2026-09-15 and 2026-09-18.
• The 2026-09-21 close is 33.05, below the 33.20 support boundary; the intraday low also extended below that level.
• The stored minimum objective is 31.11, based on the stated formation-height method.
• The stock trend screens are bearish across minor, primary, and secondary degrees.
Contrary evidence
• The 2026-09-21 breakout-volume ratio is 0.58, indicating no convincing expansion over the formation’s base volume.
• The benchmark confirmation state is not confirmed, and breadth is near balance rather than broadly bearish.
• The stored reward-risk value is 0.48, showing that the minimum objective offers limited reward relative to the structural stop distance.
• The 2026-08-31 lower contact is materially less exact than the later stated support contacts, reducing boundary precision.
CON
Concentra Group Holdings Parent
rising wedge · short
New trigger
signal
Price
$34.77
Trigger
$34.84
Stop
$37.27
Objective
$33.61
Objective / risk
0.46R
Volume
0.73x
bullish primary screen
Entry analysis
CON had a strong prior advance before forming a confirmed rising wedge, but the latest completed bar provides only a marginal close below the lower boundary. The short setup remains unconfirmed because the break lacks decisive separation, follow-through, and volume support; the minimum objective also does not offer adequate reward relative to the stored structural risk.
For a rising wedge, completion requires a decisive break through the lower boundary, not merely an intrabar penetration. The 2026-09-21 close below 34.84 is directionally consistent with completion, but the break is marginal and lacks follow-through. Therefore this is a setup rather than a signal. A further completed bar closing decisively below the lower boundary, preferably followed by continued weakness or a failed return test, would strengthen the short trigger.
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Trend context
The issue was in a strong bullish advance before the rising wedge began. Current trend screens remain primary bullish, secondary bullish, and minor transition. Broader market evidence is mixed: breadth is near balance, DIA remains primary bullish with secondary transition, IYT is primary transition with secondary bearish, and market confirmation is not confirmed. The short formation therefore represents a possible transition from the established advance, not an already dominant bearish trend.
Formation context
The named formation is a rising wedge: two converging boundaries that both rise, with the upper and lower boundaries narrowing as the advance progresses. The stored contacts are sufficiently numerous and coherent for a confirmed formation. The required prior bullish trend is present. The formation remains active because its minimum objective has not been completed and no failed-breakout condition is stored.
Volume confirmation
Volume does not confirm the break. The stored breakout-volume ratio is 0.73, below the formation's 1.10 base-volume ratio. The 2026-09-18 bar had unusually high volume, but the subsequent 2026-09-21 breakdown bar had much lower volume. Price remains the primary completion evidence, but the current volume profile lowers confidence.
Structural stop
The stored stop is 37.27, referenced to the upper formation boundary of 35.50 and filtered using the historical 5% example beyond the structural boundary. That filter is not universal: it must fit CON's movement habit, volatility, liquidity, and gap behavior. The stop is an invalidation area for the short setup; a sustained move back through the wedge's upper boundary, especially toward the stored stop, would reject the bearish interpretation. A gap could produce a fill worse than the stated stop.
Minimum objective
The stored minimum objective is 33.61, derived from the widest formation height projected downward from the completed lower-boundary break. It is a minimum potential projection, not a guaranteed target or automatic exit. From the stored current price of 34.77, the objective is relatively limited compared with the structural distance to the 37.27 stop, so the setup does not presently offer adequate reward relative to structural risk. Current price action and progressive protection should govern any later management rather than treating 33.61 as an automatic exit.
Failure condition
The short setup would be rejected by a prompt recovery and close back inside the wedge after the boundary break, especially a sustained move above the lower boundary followed by strength toward the upper boundary. A move through the stored 37.27 stop area is the defined structural failure condition.
Evidence to watch next
A stronger watchlist confirmation would be a subsequent completed bar that closes decisively below 34.84, followed by additional weakness or a failed return test of the broken lower boundary, with volume improving relative to the formation baseline. Rejection evidence would be a prompt close back inside the wedge, renewed closes above the lower boundary, or strength through the upper boundary.
Validated levels
Boundary
$35.50
Close
$34.77
Minimum objective
$33.61
Filtered stop
$37.27
Objective / risk
0.46R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend was bullish: price advanced substantially into the formation beginning 2026-08-07, while the primary trend screen remains bullish.
• The rising wedge has coherent converging rising boundaries and repeated lower- and upper-boundary contacts from 2026-08-07 through 2026-09-18.
• The 2026-09-21 close of 34.77 is below the stored lower boundary of 34.84, satisfying the directional side of the boundary-completion test.
• The formation supplied six stored lower contacts and seven stored upper contacts, providing meaningful structural definition.
• The stored minimum objective is 33.61 and has not been reached.
Contrary evidence
• The boundary penetration is marginal: the close is only slightly below 34.84 and remains within the stored boundary tolerance of 0.43.
• The 2026-09-21 bar does not provide follow-through beyond the initial break; later completed-bar evidence is required to confirm that the wedge has actually resolved bearishly.
• Breakout volume is weak at a stored 0.73 ratio, below the formation's base-volume reference, so volume does not reinforce the short entry.
• The primary trend remains bullish and the secondary trend is bullish, creating countertrend context for the proposed short.
• The stored reward-risk figure is 0.46: the minimum objective at 33.61 is materially closer than the structural stop at 37.27 from the current 34.77 level.
PNW
Pinnacle West Capital Corporati
rectangle · short
New trigger
signal
Price
$93.31
Trigger
$93.89
Stop
$104.54
Objective
$88.22
Objective / risk
0.45R
Volume
1.57x
transition primary screen
Entry analysis
PNW has a confirmed bearish rectangle breakdown and a completed short-side entry signal on the latest completed bar. The formation and volume support the signal, but the broader trend context is mixed and the stored minimum objective offers inadequate reward relative to the stated structural risk.
The warning phase was the developing range and possible downside pressure. The setup phase required the bearish rectangle, prior downtrend, and defined boundaries. The signal phase occurred when the completed 2026-09-21 bar closed below 93.89. The stored trigger price is 93.89, and the completed close at 93.31 is below that boundary.
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Trend context
The required prior bearish trend is present before the horizontal range. PNW's current minor and secondary screens are bearish, but its primary screen is transition. Broader participation is mixed, with the benchmark primary trend bullish and market confirmation not confirmed.
Formation context
This is a confirmed bearish rectangle: a horizontal range bounded by 93.89 support and 99.56 resistance, with the documented upper and lower contacts providing the required range context. The formation is treated as a continuation-type short setup because it follows a prior decline. The 2026-09-21 close below 93.89 completes the formation under the boundary rule. The formation is not failed because the latest completed bar remained below support.
Volume confirmation
The breakdown volume ratio of 1.57 is materially stronger than the stored base-volume ratio of 1.06, which supports the price completion. Volume confirms participation but does not replace the required close beyond the boundary.
Structural stop
The stored protective stop is 104.54, referenced to the 99.56 upper formation boundary with the historical 5% example filter. That filter is an allowance for normal movement, not a universal rule; it must fit the issue's movement habit, liquidity, and tendency to overshoot boundaries. No confirmed Basing Point is stored, so the stop is formation-boundary based rather than Basing-Point based.
Minimum objective
The stored minimum objective is 88.22, derived by applying the recorded rectangle height from the confirmed downside break. It remains active and has not been reached. It is a minimum measured implication, not a guaranteed destination or automatic exit; later price action should determine whether to hold, manage, or cover.
Failure condition
The bearish signal would be weakened by a prompt return into the rectangle after the breakdown, and structurally rejected by recovery through the upper boundary. The stored protective stop at 104.54 defines the stated risk threshold. A new bullish formation should not be assumed solely from a failed short breakout.
Evidence to watch next
Strengthening evidence would be additional completed bars holding below 93.89, continued downside follow-through, and volume that remains supportive without an immediate return into the range. Rejecting evidence would be a prompt close back inside the rectangle, especially a recovery toward or above 99.56, or a failed breakdown followed by a bullish reversal.
Validated levels
Boundary
$99.56
Close
$93.31
Minimum objective
$88.22
Filtered stop
$104.54
Objective / risk
0.45R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend was bearish, with the stored prior-trend change showing a decline before the rectangle formed.
• The rectangle has repeated upper-boundary contacts on 2026-08-21, 2026-08-26, and 2026-09-08, and lower-boundary contacts on 2026-09-15 and 2026-09-18.
• The 2026-09-21 completed bar closed at 93.31, below the 93.89 horizontal support boundary, satisfying the required bearish boundary-completion rule rather than relying only on an intrabar penetration.
• Breakout volume was recorded at 1.57 times base volume, stronger than the formation's 1.06 base-volume ratio.
• The stock's minor and secondary trend screens are bearish.
Contrary evidence
• The primary trend screen is in transition rather than bearish.
• The benchmark context is mixed: SPY is primary bullish and secondary transition, while formal market confirmation is not confirmed.
• The stored reward-risk value is 0.45, indicating that the minimum measured move is small relative to the structural stop distance.
• A prompt recovery back into the rectangle would weaken or invalidate the breakdown.
BCAT
BlackRock Capital Allocation Term Trust
triple top · short
New trigger
signal
Price
$14.14
Trigger
$14.15
Stop
$16.01
Objective
$13.34
Objective / risk
0.43R
Volume
1.70x
bullish primary screen
Entry analysis
The completed bars confirm the stored triple-top downside break, but the broader trend remains mixed and the minimum objective provides limited reward relative to the stored structural stop.
The exact downside completion rule requires a completed daily close below the intervening reaction boundary. The 2026-09-21 close at 14.14 is below the stored 14.15 boundary, so the setup has advanced from warning and setup to signal. The narrow margin favors monitoring for immediate boundary reclamation.
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Trend context
The prior trend was upward into the formation, which supplies the required context for a triple top. Current trend evidence is transitional: minor and secondary screens are bearish, but the primary screen and broader market confirmation remain bullish or unconfirmed.
Formation context
The formation is a confirmed triple top rather than merely a candidate because three separated upper contacts and an intervening reaction boundary are stored. The gap event on 2026-09-11 was treated as a warning first; subsequent completed bars near the boundary supplied the required confirmation.
Volume confirmation
Volume strongly expanded during the initial break and remained elevated during the following boundary-area decline. This supports participation in the move, although the final completed bar does not show the same decisive expansion as the initial break. Volume is therefore supportive but not conclusive.
Structural stop
The stored stop is 16.01, using the historical 5% example filter beyond the formation boundary/reference level. That percentage is not universal: it must fit the issue's movement habit and normal volatility. No confirmed Basing Point is stored. A completed close back above 14.15, especially with sustained recovery into the formation, would weaken or invalidate the short signal before the stored stop is reached.
Minimum objective
The stored minimum objective is 13.34, measured from the formation depth. It is a minimum measuring implication, not an automatic exit. The packet's stored reward-versus-structural-risk comparison is unfavorable, so the objective does not by itself justify the risk represented by the filtered stop. Any continuation should be managed by subsequent price action and progressive protection.
Failure condition
A completed-bar close back above 14.15 would reject the downside completion. Sustained recovery into the formation range would provide stronger failure evidence, while a move above the upper formation area would more decisively invalidate the triple top.
Evidence to watch next
The short signal would strengthen through additional completed closes below 14.15, preferably with renewed downside spread and volume, followed by progress toward 13.34 without reclaiming the boundary. It would be rejected by a completed close back above 14.15, particularly on expanding volume and sustained trade inside the former formation.
Validated levels
Boundary
$14.95
Close
$14.14
Minimum objective
$13.34
Filtered stop
$16.01
Objective / risk
0.43R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The issue advanced into the formation, establishing the required prior uptrend for a triple-top reversal.
• Three upper contacts are recorded near the same resistance area on 2026-05-14, 2026-06-01, and 2026-06-15.
• The intervening reaction boundary is 14.15, and the completed 2026-09-21 bar closed at 14.14, satisfying the required downside completion rule.
• The packet reports elevated breakout participation, with a breakout volume ratio of 1.7.
• The minor and secondary trend screens are bearish.
Contrary evidence
• The primary trend screen remains bullish, and broader confirmation is not confirmed.
• The downside break is narrow relative to the 14.15 boundary, leaving the move vulnerable to a prompt reclaim.
• The stored minimum objective is 13.34, while the stored filtered stop is 16.01; the remaining structural reward is unfavorable relative to the stop distance.
• The 2026-09-11 gap-like decline was initially only a warning and required later completed-bar confirmation.
PTRN
Pattern Group Inc. - Series A
falling wedge · long
New trigger
signal
Price
$20.24
Trigger
$19.75
Stop
$18.15
Objective
$21.12
Objective / risk
0.42R
Volume
1.20x
bullish primary screen
Entry analysis
The falling-wedge reversal has completed an upside boundary break on a completed bar, producing a bullish signal. However, the minimum objective is modest relative to the stored structural risk, and broader confirmation remains incomplete.
The exact completion event is a completed daily bar closing above the stated upper boundary of 19.75. The 2026-09-21 close at 20.24 satisfies that boundary-completion rule. The setup therefore advances from warning/setup status to signal status, subject to follow-through and failure monitoring.
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Trend context
PTRN advanced substantially into July, then experienced a pronounced decline before the falling-wedge structure began. That prior decline is appropriate context for a reversal interpretation. The primary benchmark context is bullish, but minor and secondary conditions are transitional or bearish, with no broader confirmation.
Formation context
The formation is a confirmed falling wedge with converging boundaries, 30 sessions of duration, and multiple contacts on both boundaries. The contact pattern is sufficient for a structured candidate formation, and the prior decline supplies the required context. The formation is classified as a bullish reversal watch rather than an unconditional trend continuation.
Volume confirmation
Volume on the boundary-break session was recorded at 1.2 times the base reference, providing supportive—though not decisive—confirmation. Volume supports the price break but cannot replace the completed boundary break or prove that the move will persist.
Structural stop
The stored stop is 18.15, derived from the formation boundary reference of 19.11 with the historical 5% example filter. That filter is an allowance for normal movement, not a universal rule; it must fit PTRN's movement habit and volatility. No confirmed Basing Point is stored, so the formation-boundary stop remains the relevant structural reference.
Minimum objective
The stored minimum objective is 21.12, based on the widest formation height, and it has not been reached. It does not provide adequate reward relative to the stored structural risk, so the signal is technically valid but not especially attractive on the supplied risk/reward evidence. The minimum objective is a measurement of potential, not an automatic exit; stronger price action could justify continued management with updated evidence and progressive stops.
Failure condition
A prompt completed-bar return inside the wedge would undermine the breakout signal, particularly a close back below the 19.75 upper boundary. A move to or through the stored stop at 18.15 would invalidate the long formation trade. The minimum objective being unreached is not itself a failure.
Evidence to watch next
Stronger evidence would be consecutive completed bars holding above 19.75, continued progress toward 21.12, and sustained or renewed volume support without a return into the wedge. Rejection back below the upper boundary, especially on expanding volume, would weaken or reject the setup. Broader confirmation would also improve if the transitional and bearish market screens turned supportive.
Validated levels
Boundary
$19.75
Close
$20.24
Minimum objective
$21.12
Filtered stop
$18.15
Objective / risk
0.42R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend into the formation was a marked decline from the July advance, providing the required bearish context for a potential falling-wedge reversal.
• The formation has repeated lower-boundary contacts on 2026-09-01, 2026-09-04, 2026-09-14, and 2026-09-17, with repeated upper-boundary contacts from 2026-08-07 through 2026-09-17.
• The 2026-09-21 completed bar closed at 20.24, above the stated upper boundary and trigger level of 19.75, completing the upside break.
• Breakout volume was 1.2 times the stated base-volume reference, stronger than the formation's 1.05 base-volume ratio.
• The stored minimum objective is 21.12 and has not been reached.
Contrary evidence
• The broader confirmation state is not confirmed: the secondary market screen is bearish, the minor screen is transitional, and breadth is 49.89% bullish.
• The stored reward-risk value is 0.42, indicating that the minimum objective does not offer adequate reward relative to the stated structural risk.
• A single completed breakout bar does not yet establish sustained follow-through beyond the formation boundary.
• The breakout occurred after a volatile decline, so a prompt return into the formation would weaken the signal.
BILL
BILL Holdings, Inc.
descending triangle · short
New trigger
signal
Price
$47.06
Trigger
$47.46
Stop
$51.46
Objective
$45.25
Objective / risk
0.41R
Volume
0.62x
bullish primary screen
Entry analysis
BILL has a completed bearish descending-triangle boundary break on the latest completed bar, but the minimum objective offers inadequate reward relative to the stored structural risk. The pattern is therefore a confirmed bearish signal, not an attractive fresh-entry opportunity at the supplied levels.
The completed-bar rule is met: the latest completed bar closed at 47.06 after trading below the 47.46 lower boundary. This converts the pattern from a watchlist setup into a price signal. It does not override the separate reward-versus-risk gate, which is unfavorable for a fresh position at the stored levels.
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Trend context
The issue entered the named formation after a prior advance, so a bearish resolution would represent a reversal or meaningful secondary decline rather than continuation of an established primary downtrend. The stock's minor screen is bearish, while its primary and secondary screens are bullish. The benchmark remains primarily bullish, so the short signal is not supported by aligned higher-degree market context.
Formation context
The descending triangle is supported by the supplied repeated lower-boundary contacts and falling upper-boundary contacts between 2026-08-07 and 2026-09-18. The horizontal/lower boundary is stored at 47.46 and the upper boundary at 49.01. The formation is confirmed because the completed 2026-09-21 bar broke through the lower boundary; prior intrabar penetration alone would have remained only a warning. The structure is not invalidated merely because the volume confirmation is weak, but confidence is reduced.
Volume confirmation
Volume contracted within the formation, which is compatible with triangular compression. However, the downside-break volume ratio is stored at 0.62, below the formation baseline ratio of 0.70. Price completion is present, but participation is mixed rather than strong. Follow-through on expanding volume would strengthen the signal; a low-volume recovery back into the pattern would weaken it.
Structural stop
The stored short stop is 51.46, referenced to the formation's upper boundary at 49.01 and using the historical 5% example filter beyond that boundary. That filter is not universal: it must fit BILL's own movement habit, volatility, liquidity, price increments, and gap behavior. A stop can execute worse than its stated level after a gap. A sustained recovery through the formation, especially through the upper boundary, would challenge the bearish interpretation; the stored stop is the defined protection level.
Minimum objective
The stored minimum objective is 45.25, derived from the widest formation height projected from the confirmed downside break. It is active and has not been reached. The objective is a minimum measuring implication, not a guaranteed target or automatic exit; continued weakness, reversal evidence, and progressive protection should determine management. At the supplied trigger and stop levels, the objective does not offer adequate reward relative to the structural risk, so the fresh-entry setup fails the reward-versus-risk gate.
Failure condition
The bearish setup is weakened by a prompt completed-bar recovery back above the broken lower boundary, particularly if price is accepted inside the triangle. A sustained move toward or through the upper boundary, or a hit of the stored 51.46 stop, invalidates the short structure. The formation has no stored failed-breakout date, so failure is not yet established.
Evidence to watch next
Stronger confirmation would be additional completed bars holding below 47.46, preferably with expanding downside volume, followed by progress toward 45.25 without reclaiming the formation. Rejection would be shown by a prompt close back inside the triangle, especially a recovery above 47.46 on improving volume, or a move through the upper boundary. For a fresh watchlist decision, the next evidence should also improve the reward relative to structural risk rather than merely confirm direction.
Validated levels
Boundary
$49.01
Close
$47.06
Minimum objective
$45.25
Filtered stop
$51.46
Objective / risk
0.41R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend was upward into the formation, with price advancing from the upper 30s in the supplied spring data to the upper 40s by early August; this provides the required preceding trend context for a potential reversal formation.
• The formation contains repeated lower-side contacts from 2026-08-07 through 2026-09-17 and repeated upper-side contacts from 2026-08-11 through 2026-09-16, consistent with converging boundaries and progressively lower highs.
• The 2026-09-21 completed bar traded below the stored lower boundary of 47.46 and closed at 47.06, satisfying the boundary-completion rule for a decisive downside break rather than merely an intrabar warning.
• The stored minimum objective is 45.25 and remains incomplete.
• The benchmark packet shows a bullish primary trend but bearish minor and bullish secondary stock screens; this does not provide broad confirmation for the short thesis.
Contrary evidence
• Breakout volume is stored at 0.62 of the formation baseline, while formation base volume is stored at 0.70; the breakdown therefore lacks strong participation confirmation.
• The minimum objective is only 2.21 below the stored trigger price, while the stored stop is 4.00 above it, making the reward inadequate relative to structural risk without relying on a fixed multiple.
• The latest benchmark context is not formally confirmed bearish: breadth is near 50%, SPY remains primary bullish, and the packet's market confirmation state is not confirmed.
• The latest completed bar closed only modestly below the lower boundary and should be monitored for prompt recovery into the formation.
AWK
American Water Works Company, I
rectangle · short
New trigger
signal
Price
$133.97
Trigger
$135.04
Stop
$149.49
Objective
$127.71
Objective / risk
0.40R
Volume
0.69x
bullish primary screen
Entry analysis
The completed bars show a confirmed bearish rectangle breakdown. The prior advance supplied the required context, price closed below the lower boundary, and the stored minimum objective is active; however, weak breakdown volume, bullish higher-degree trend screens, unconfirmed market context, and inadequate reward relative to the stored structural risk weaken the fresh short setup.
The short trigger is the completed 2026-09-21 bar closing below the lower horizontal boundary at 135.04. A decisive completed-bar close beyond the boundary completes the rectangle; an intraday penetration alone would not. The stored trigger is therefore price-confirmed, but additional closes below former support would strengthen the evidence and help distinguish a genuine breakdown from a failed break.
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Trend context
The required prior trend was an advance into the range, supporting a possible bearish reversal or continuation resolution. At the review point, the minor trend is bearish while the primary and secondary screens are bullish. The broader context therefore supports a short-term bearish signal but not a fully aligned multi-degree downtrend.
Formation context
This is a confirmed rectangle, not merely a range candidate: price oscillated between horizontal support at 135.04 and resistance at 142.37 with multiple contacts across 20 sessions. The formation began after an advance, which makes the downside escape potentially corrective or trend-changing rather than automatically the start of a primary bear trend.
Volume confirmation
Volume during the breakdown was 0.69 of base volume, so participation did not expand with the price break. That does not erase a completed downside boundary break, but it makes the signal less forceful. Follow-through lower on stronger volume, or a failed retest of 135.04 from below, would provide better confirmation.
Structural stop
The stored stop is 149.49, based on a 5% historical filter beyond the formation's 142.37 upper boundary. That filter is an example, not a universal rule; it must fit the issue's normal movement habit, volatility, liquidity, and gap behavior. The stop should remain tied to structural invalidation, and a gap can produce execution materially worse than the stop price.
Minimum objective
The stored minimum objective is 127.71, derived from the 7.33 formation height projected downward from the completed downside break. It is a minimum measured implication, not a guaranteed destination or automatic exit. The objective remains incomplete, but the stored risk/reward assessment of 0.4 indicates that the potential move to the minimum objective is small relative to the structural stop distance and does not adequately support a fresh short setup.
Failure condition
The bearish formation is weakened or invalidated by a prompt return into the rectangle, especially a completed close back above 135.04. A move back through the upper boundary at 142.37 would more decisively negate the downside resolution. Failure to achieve downside follow-through would also reduce confidence even if the formal boundary break remains recorded.
Evidence to watch next
Strengthening evidence would be additional completed closes below 135.04, preferably with expanding downside volume, or a weak retest of that level that turns lower. Rejecting evidence would be a prompt close back inside the 135.04–142.37 range, particularly a close above support on improving volume, followed by recovery toward resistance.
Validated levels
Boundary
$142.37
Close
$133.97
Minimum objective
$127.71
Filtered stop
$149.49
Objective / risk
0.40R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The stock advanced into the formation, rising from the low-120s area in late May to 138.71 by 2026-08-19, establishing the required prior uptrend context for a potentially bearish rectangle resolution.
• The rectangle has repeated lower-boundary contacts on 2026-08-21, 2026-08-27, 2026-09-02, and 2026-09-17, plus upper-boundary contacts on 2026-09-02, 2026-09-08, and 2026-09-11.
• The stored horizontal boundaries are 135.04 support and 142.37 resistance.
• The 2026-09-21 completed bar closed at 133.97, below the 135.04 lower boundary, satisfying the required boundary-completion rule for the short rectangle signal.
• The stored formation-height objective is 127.71 and has not been reached.
• The minor trend screen is bearish, consistent with the downside break.
Contrary evidence
• Breakdown volume is stored at 0.69 of base volume, below the formation baseline, so volume provides limited confirmation.
• Market confirmation is explicitly not confirmed; breadth is near balance at 49.89% bullish.
• The stored reward/risk value is 0.4, indicating that the minimum objective offers inadequate reward relative to the stored stop risk for a fresh short entry.
• The 2026-09-21 bar recovered from its intraday low of 133.73 to close at 133.97, so continued closes below support would improve confidence in the break.
QCOM
QUALCOMM Incorporated
head shoulders bottom · long
New trigger
signal
Price
$194.23
Trigger
$178.95
Stop
$161.98
Objective
$202.51
Objective / risk
0.26R
Volume
1.53x
bullish primary screen
Entry analysis
QCOM shows a confirmed bullish reversal with an upward neckline break on completed-bar evidence. The breakout has supporting volume and favorable broader trend screens, but the formation’s structural contacts are incomplete in the packet and the stored minimum objective offers limited reward relative to the stored structural risk for a fresh entry.
The exact boundary-completion rule is an upward neckline break, not merely the existence of three troughs or a rally toward resistance. The completed 2026-09-21 bar closed above the stored neckline trigger at 178.95, so the price-completion requirement is met. A prompt return inside the formation would weaken or invalidate that completion.
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Trend context
The prior trend was bearish, which is required context for a bottom reversal. The completed-bar trend screens have since shifted to bullish across minor, primary, and secondary degrees, but related-market confirmation remains incomplete; therefore the broader environment supports a transition toward bullish conditions rather than an unqualified market-wide confirmation.
Formation context
The named formation is a head-and-shoulders bottom. Its three lower contacts are recorded on 2026-07-02, 2026-08-24, and 2026-09-14, with the central decline forming the deepest trough and the later trough forming the higher right-side low. The absence of recorded upper contacts makes the neckline evidence less robust, but the stored formation is classified as confirmed.
Volume confirmation
Volume corroborates the upside completion: breakout volume is stored at 1.53 times the base comparison, exceeding the recorded 1.31 base-volume ratio. This supports increased demand, although volume does not replace the required price break or guarantee continuation.
Structural stop
The stored protective stop is 161.98, based on the formation-boundary reference of 170.51 filtered by the historical 5% example. That filter is not universal: it must fit QCOM’s movement habit, volatility, liquidity, and gap behavior. A confirmed Basing Point is not stored, so the stop is not based on one. The structural failure condition is a decisive return below the completed neckline or renewed weakness through the formation’s support; the stored stop is the separate protective-risk level.
Minimum objective
The stored minimum objective is 202.51, derived by projecting the recorded head-to-neckline measurement from the completed breakout. It has not been marked complete. The stored reward-risk value of 0.26 indicates inadequate reward relative to structural risk for a fresh entry at the reviewed price, without relying on a fixed risk multiple. The objective is a minimum implication, not an automatic exit; continued strength, resistance, and progressive protection should govern any live position.
Failure condition
A prompt close back below the neckline after the breakout would question completion. A decisive move through the formation’s structural support, especially toward or below the stored stop at 161.98, would invalidate the long setup. Failure would also be indicated by upside follow-through failing and price re-entering the prior range.
Evidence to watch next
Strengthening evidence would be completed bars holding above 178.95, continued higher highs and higher lows, constructive volume on advances, and progress toward 202.51 without a decisive neckline retest failure. Rejecting evidence would be a close back below the neckline, weak or heavy-volume selling after the breakout, deterioration in the bullish trend screens, or a break through the stored structural stop.
Validated levels
Boundary
$178.95
Close
$194.23
Minimum objective
$202.51
Filtered stop
$161.98
Objective / risk
0.26R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior context is present: the packet records a 9.56% prior decline before the reversal formation.
• The formation records three lower contacts on 2026-07-02, 2026-08-24, and 2026-09-14, consistent with a left-side low, deeper central low, and right-side higher low.
• The exact completion event for a head-and-shoulders bottom is an upward break of the neckline. The packet records a boundary break on 2026-09-21, with the close at 194.23 above the stored trigger level of 178.95.
• Breakout volume is recorded at 1.53 times the base volume, while base volume is recorded at 1.31 times its comparison level.
• The stock’s minor, primary, and secondary trend screens are all bullish.
Contrary evidence
• The packet records no upper contact dates, so the neckline structure is less fully documented than the lower-contact structure.
• The broader market confirmation state is not confirmed; DIA remains secondary-transition and IYT is primary-transition/secondary-bearish.
• The stored reward-risk value is 0.26, indicating that the minimum objective is modest relative to the stored structural risk for a new position at the reviewed price.
• The 2026-09-18 bar shows unusually wide and heavy activity before the breakout, so follow-through rather than the breakout bar alone is important.
QXO
QXO, Inc.
falling wedge · long
New trigger
signal
Price
$12.20
Trigger
$11.68
Stop
$10.76
Objective
$12.43
Objective / risk
0.16R
Volume
1.44x
bearish primary screen
Entry analysis
A confirmed upside completion of the falling wedge produces a long signal, but the broader trend context is bearish and the stored minimum objective offers limited potential relative to the structural stop distance. This is a technically valid signal with weak overall reward and significant context risk.
The exact completion event is a completed-bar close above the upper boundary, not an intrabar penetration. The September 21 close of 12.20 exceeded the stored trigger and upper boundary of 11.68, so the state is a signal rather than merely a setup or warning. A prompt return inside the wedge would weaken or invalidate that signal.
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Trend context
The required prior trend for a bullish falling-wedge reversal is present: price declined materially before and during the formation. However, the current issue trend screens remain bearish, so the breakout is counter to the prevailing screened trend. The benchmark and market-breadth evidence do not provide full confirmation.
Formation context
The falling wedge is supported by converging upper and lower boundaries with five lower contacts and five upper contacts between August 7 and September 18. The formation is classified as confirmed because the completed September 21 bar closed above the upper converging boundary. No broadening-formation, gap, or key-reversal warning is identified in the supplied formation evidence.
Volume confirmation
The breakout volume ratio of 1.44 supports the upside completion and is stronger than the recorded base ratio of 1.04. Volume therefore confirms participation, but it cannot overcome the bearish trend screens or substitute for subsequent price follow-through.
Structural stop
The stored stop is 10.76, referenced to the lower formation boundary at 11.33 and using the historical 5% example filter beyond the formation boundary. That filter is not universal: it must fit the issue's movement habit, volatility, liquidity, price increments, and gap behavior. The stop should not be widened simply to avoid an invalidation.
Minimum objective
The stored minimum objective is 12.43, derived from the widest formation height and projected from the breakout. It is a minimum measured implication, not a guaranteed target or automatic exit. Because the remaining objective is small relative to the stored structural risk, the reward-versus-risk profile is inadequate for aggressive commitment without stronger follow-through or improved structure.
Failure condition
A decisive return below the formation's lower boundary at 11.33 would reject the wedge breakout. The stored protective stop is 10.76; a move through that level would represent failure of the protected trade plan. A prompt close back inside the wedge would also downgrade the breakout from signal status for reassessment.
Evidence to watch next
Stronger evidence would be sustained closes above 11.68, continued progress toward and beyond 12.43, and orderly higher lows with supportive volume. Rejection would be shown by a prompt close back inside the wedge, a decisive break below 11.33, or renewed heavy-volume weakness while the broader trend screens remain bearish.
Validated levels
Boundary
$11.68
Close
$12.20
Minimum objective
$12.43
Filtered stop
$10.76
Objective / risk
0.16R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend into the formation was bearish, falling from the August 7 close of 16.16 to the August 18 close of 13.50 and subsequently reaching 11.38 on September 18.
• The falling wedge contains the required converging boundaries and has five recorded lower contacts and five upper contacts.
• The September 21 completed bar closed at 12.20 above the stated upper boundary and trigger level of 11.68, completing the long-side boundary break.
• Breakout volume is reported at 1.44 times the base volume ratio, providing meaningful participation on the upside break.
• The formation is recorded as confirmed, with no failed-breakout event recorded.
Contrary evidence
• The symbol's minor, primary, and secondary trend screens are all bearish at the analysis date.
• The broader market confirmation state is not confirmed; breadth is near balance and the related-average context is mixed.
• The minimum objective is stored at 12.43 while the current completed-bar price is 12.20, leaving limited remaining measured potential relative to the stored structural risk.
• The formation's base volume ratio of 1.04 does not establish a strong volume-contraction signature inside the pattern.
• The September 21 breakout has not yet demonstrated follow-through beyond the initial completed bar.
LION
Lionsgate Studios Corp
falling wedge · long
New trigger
signal
Price
$11.48
Trigger
$10.99
Stop
$10.20
Objective
$11.56
Objective / risk
0.06R
Volume
1.83x
bullish primary screen
Entry analysis
LION completed a bullish falling-wedge boundary break on a completed daily bar, with supporting volume expansion. The minimum objective is recorded as reached, so the pattern supports a bullish completed signal but offers inadequate reward for a fresh entry at the supplied current price relative to the stored structural stop.
The exact completion rule is a completed daily close beyond the formation boundary. The 2026-09-21 close at 11.48 exceeded the 10.99 upper boundary and trigger, converting the prior watch into a completed upside signal. The earlier intraday contacts alone would have been warnings rather than completion evidence.
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Trend context
The stock entered the formation after a substantial bearish secondary movement, so the falling wedge is being treated as a bullish reversal attempt rather than a continuation pattern. The current trend screens are bullish on the minor and primary degrees but bearish on the secondary degree. The benchmark is broadly bullish on the primary degree, yet market confirmation remains incomplete; therefore the directional result is bullish with a transition in surrounding confirmation.
Formation context
The falling wedge is structurally credible: price formed converging declining boundaries, contacted the lower boundary repeatedly on the recorded dates, and contacted the upper boundary repeatedly on the recorded dates. The prior decline supplies the required context. The formation is classified as objective complete because the upside boundary was completed and the stored minimum objective was reached.
Volume confirmation
Activity generally contracted during the formation relative to the earlier decline, while the breakout bar carries the stored 1.83 volume ratio. That expansion supports the price completion, although volume confirms participation rather than guaranteeing continuation.
Structural stop
The stored long stop is 10.20, referenced to the 10.74 formation boundary and filtered using the historical 5% example. That filter is not universal: it must fit LION's price movement, volatility, liquidity, and gap behavior. The packet records no confirmed Basing Point, so the stop is not based on a confirmed Basing Point. A return through the formation boundary followed by movement toward the stored stop would undermine the long thesis.
Minimum objective
The stored minimum objective is 11.56, derived from the widest formation height and projected from the completed breakout. The packet records the objective as reached on 2026-09-21. It is a minimum potential measure, not an automatic exit; subsequent management should depend on price behavior, continuation volume, and any valid higher Basing Point or progressive stop.
Failure condition
The bullish completion would be rejected by a failed breakout that returns decisively into the wedge and cannot hold above the 10.99 boundary, especially if price continues toward or through the stored 10.20 stop. The packet records no failed-breakout date, so failure is not currently established.
Evidence to watch next
Stronger confirmation would be sustained closes above the broken 10.99 boundary, continued upside follow-through, and constructive volume without a rapid return into the wedge. Rejection evidence would be a close back inside the formation, weakening volume on failed follow-through, or a move through the stored stop. Because the minimum objective has already been reached, fresh-entry evidence would need to improve the reward relative to structural risk rather than rely on the completed objective.
Validated levels
Boundary
$10.99
Close
$11.48
Minimum objective
$11.56
Filtered stop
$10.20
Objective / risk
0.06R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend was a pronounced decline from the June advance high into the August–September lows, providing the required declining context for a bullish falling-wedge reversal.
• The formation has numerous recorded lower-boundary and upper-boundary contacts from 2026-08-11 through 2026-09-18, with converging boundaries and a 30-session duration.
• The 2026-09-21 completed bar closed at 11.48, above the stored upper boundary and trigger of 10.99. This satisfies the completion rule because the boundary was exceeded by the daily close, not merely penetrated intraday.
• Breakout volume is recorded at 1.83 times the base ratio, supporting the upside completion.
• The stored objective is 11.56, and the packet records it as reached on 2026-09-21.
Contrary evidence
• The broader market context is not fully confirmed: SPY is primary bullish but minor transition, breadth is near balance at 49.89%, and the supplied market confirmation state is not confirmed.
• LION's secondary trend screen remains bearish despite bullish minor and primary screens, leaving a mixed trend-degree picture.
• The minimum objective is already complete, leaving only 0.06 of stored reward-risk at the supplied current price; this is not adequate compensation for the stored structural risk of a fresh entry.
• No confirmed Basing Point is recorded for a progressive-stop reference.
Symbol
State
Price
Trigger
Stop
Objective
Reward
Volume
Primary screen
SJM
The J.M. Smucker Company
head shoulders top · short
New trigger
signal
$119.88
$119.94
$130.89
$103.99
1.44R
objective / filtered risk
0.99x
bullish
Entry analysis
The completed bars support a confirmed short signal from a head-and-shoulders top, but the signal is tactical rather than a confirmed primary-market reversal. The neckline close is only marginally below the stored boundary, breakout volume is supportive but not emphatic, and the broader benchmark and breadth context remain broadly constructive.
The exact completion event is a completed-bar close below the neckline, not merely an intraday penetration or the appearance of the right shoulder. The 2026-09-21 close at 119.88 is below the stored 119.94 trigger, so the packet supports a signal rather than a warning or setup. Because the breach is narrow, additional closes below the neckline would strengthen the signal; a prompt close back above it would question completion.
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Trend context
The prior trend required for a head-and-shoulders top was an advance, and the completed SJM bars show that advance before the formation began. The current signal should therefore be read as a reversal of the prior SJM advance, not as proof that the primary market trend has turned bearish. The broader context is mixed because the benchmark's primary screen remains bullish and its confirmation state is not confirmed.
Formation context
The named formation is a head-and-shoulders top: a prior left-side peak, a higher central peak, and a lower right-side rally, followed by a neckline test. The recorded contacts at 125.18, 131.84, and 123.75 fit that sequence. The structure was a candidate before the neckline break, a setup while price remained above the boundary, and became confirmed only when a completed bar closed below the stored neckline boundary.
Volume confirmation
Volume weakened across much of the rallying structure and the recorded breakout volume ratio of 0.99 exceeds the base-volume ratio of 0.56. That supports the downside break, but the evidence is mixed rather than conclusive because the expansion is not especially forceful and the broader market context does not confirm the bearish interpretation.
Structural stop
The stored short stop is 130.89, based on a formation-boundary stop filtered beyond the structural reference using the historical 5% example. No confirmed Basing Point is available in the packet. That 5% filter is only a historical example: it must fit SJM's own movement habit, liquidity, gap behavior, and volatility, and is not a universal allowance. The stop is an invalidation and risk-control level, not evidence that the formation must succeed.
Minimum objective
The stored minimum objective is 103.99, derived from the head-to-neckline depth projected from the confirmed break. It offers a modestly favorable reward relative to the structural stop distance, so the opportunity is adequate but not generous. The objective is a minimum potential measurement, not an automatic exit; price action, volume, support, and progressive protection should govern management if the decline develops.
Failure condition
The short thesis is weakened or failed by a prompt return into the formation, especially a completed close back above the 119.94 neckline boundary. A move through the stored 130.89 protective stop would invalidate the planned risk boundary. Strong upside follow-through above the right-shoulder area would further reject the top interpretation.
Evidence to watch next
The setup would strengthen through additional completed closes below 119.94, downside follow-through toward lower support with sustained or expanding volume, and continued failure of rallies beneath the neckline. It would be rejected by a prompt close back above the neckline, a successful retest followed by recovery, or upside expansion through the right-shoulder resistance. Broader bearish confirmation from the benchmark and market breadth would improve context but is not required for the individual formation's price signal.
Validated levels
Boundary
$135.89
Close
$119.88
Minimum objective
$103.99
Filtered stop
$130.89
Objective / risk
1.44R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior advance is present: SJM rose from the low-90s in early April to 125.18 on 2026-07-29 before the reversal structure developed.
• The formation has three identified upper contacts: 125.18 on 2026-07-29, 131.84 on 2026-08-27, and 123.75 on 2026-09-17. The middle contact is the higher head and the later contact is a lower right shoulder.
• The stored neckline boundary is 119.94, and the completed 2026-09-21 bar closed at 119.88, satisfying the close-through-boundary completion rule.
• The formation is recorded as confirmed with a 2026-09-21 boundary break, and price remained below the stored trigger at the completed-bar cutoff.
• The measured minimum objective is 103.99, which is below the breakout area and provides meaningful potential relative to the stored structural stop at 130.89.
• The breakout volume ratio of 0.99 is materially above the formation base-volume ratio of 0.56, providing corroboration for the break.
Contrary evidence
• The neckline break is marginal on a closing basis: 119.88 versus the stored 119.94 boundary, so follow-through is important.
• Breakout volume is supportive but not exceptionally strong relative to the formation's recorded volume behavior.
• The benchmark remains primary bullish, while the secondary screen is bullish and breadth is near balance at 49.89% bullish; broader confirmation of a bearish regime is absent.
• The packet supplies no confirmed Basing Point, and no lower-contact dates are recorded in the formation metadata, making the structural description less complete than the upper-contact record.
• A prompt return above the neckline would place price back inside the formation and weaken or invalidate the breakdown.
SDRL
Seadrill Limited
head shoulders top · short
New trigger
signal
$46.58
$46.62
$52.72
$37.77
1.43R
objective / filtered risk
0.45x
bullish
Entry analysis
The completed bars show a confirmed bearish head-and-shoulders top with a short trigger on the close below the neckline. The price completion is valid, but weak breakout volume, an unconfirmed broader market backdrop, and the modest stored reward relative to structural risk reduce conviction.
The exact price-completion event is present: the completed September 21 close is below the stored neckline trigger. No intrabar or incomplete-bar evidence is being used. A prompt recovery back inside the formation would weaken the signal and require a failure review.
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Trend context
SDRL shows the required preceding advance before the reversal formation. After the head and right-shoulder rally, the minor trend is bearish. The primary and secondary market screens are bullish, so the short is counter to the broader benchmark context and should carry reduced confidence.
Formation context
The named formation is a head-and-shoulders top. The left shoulder, higher head, and lower right shoulder are present, with the stored neckline boundary at 46.62. The formation is confirmed only by the completed September 21 close below that boundary; the earlier shape alone was a setup, not a completed top.
Volume confirmation
Volume behavior is mixed. The broad formation data show a weakening participation profile consistent with a possible top, but the actual downside break occurred on weak relative volume, with a stored breakout volume ratio of 0.45. Price completion is therefore valid, while volume confirmation is poor.
Structural stop
The stored stop is 52.72, using a historical 5% example filter beyond the formation reference at 50.21. That filter is not universal: it must fit the issue's normal movement, liquidity, gap behavior, and volatility. The stop should not be narrowed merely to improve apparent reward-risk, and the position size should reflect the stated structural distance.
Minimum objective
The stored head-to-neckline measurement produces a minimum objective of 37.77. It is active because the neckline has broken, and it has not been reached. This is a minimum implication rather than a guaranteed destination or an automatic exit; subsequent price action and progressive risk control should govern management.
Failure condition
The bearish formation would be undermined by a prompt, sustained recovery back above the neckline and especially by movement through the right-shoulder structural area. The stored protective stop at 52.72 is the defined invalidation control for this review.
Evidence to watch next
Further downside follow-through with expanding volume, or a return toward the neckline that fails beneath it, would strengthen the short watchlist signal. A low-volume drift, a close back above 46.62, or a decisive recovery toward the right shoulder would weaken or reject it. Broader benchmark deterioration would also improve alignment for the bearish case.
Validated levels
Boundary
$55.47
Close
$46.58
Minimum objective
$37.77
Filtered stop
$52.72
Objective / risk
1.43R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior advance is present: price rose from the late-March area into the April–May formation, with the head reaching the May 20 high.
• The formation has the expected sequence: left shoulder near the April 29 high, a higher head at the May 20 high, and a lower right shoulder that peaked near the September 16 high.
• The September 21 completed bar closed at 46.58, below the stored neckline trigger at 46.62. Under the stated completion rule, this completes the formation and activates the short signal.
• The stored minimum objective is 37.77 and has not been reached.
• The stored structural stop is 52.72, beyond the formation reference using the historical 5% example filter.
Contrary evidence
• Breakout volume is weak: the stored breakout volume ratio is 0.45, so participation does not strongly corroborate the downside break.
• The benchmark remains primary bullish, while its minor trend is only in transition; broader confirmation for a short is therefore incomplete.
• The stored reward-risk figure is 1.43, which offers some potential reward but is not especially generous relative to the structural stop distance and the weak volume confirmation.
• The neckline penetration is small in price terms, so follow-through or a failed return test would materially strengthen the signal.
DOW
Dow Inc.
head shoulders top · short
New trigger
signal
$28.27
$28.54
$32.01
$24.06
1.13R
objective / filtered risk
1.15x
bearish
Entry analysis
A bearish boundary break is present, but the named head-and-shoulders top does not have sufficient documented reaction-low contacts to validate the neckline structure. The completed close below the stored boundary is therefore a warning rather than a fully qualified short signal.
The exact boundary-completion rule is satisfied by the September 21 completed close at 28.27 below the stored neckline boundary of 28.54. That establishes a completed price break for the watchlist, but the incomplete structural evidence keeps it at warning status rather than promoting it to a clean signal. A subsequent hold below the boundary or a failed retest would provide stronger confirmation.
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Trend context
DOW had a prior advance into the proposed formation, satisfying the broad directional prerequisite for a possible top. Its stored minor and primary screens are bearish, while the secondary screen is transitional. Broader confirmation is mixed: SPY is primarily bullish, DIA is primarily bullish, IYT is transitional with a bearish secondary trend, and breadth is near balance. This supports a transition toward bearish evidence, not a confirmed broad bearish trend.
Formation context
The peak sequence can resemble a head-and-shoulders top, but the packet provides no lower-contact dates. A valid top requires a prior advance, distinct left shoulder, higher head, lower right shoulder, and reaction lows forming the neckline. Because the reaction-low evidence is missing, the stored confirmed classification is not independently substantiated from the completed bars.
Volume confirmation
The stored breakout-volume ratio of 1.15 is supportive because activity expanded on the downside break relative to the formation baseline. This corroborates the price break but cannot substitute for the missing reaction-low contacts or broader trend confirmation.
Structural stop
The stored short stop is 32.01, based on a 5% historical filter beyond the formation boundary/reference. That filter is an example, not a universal rule; it must fit DOW's actual movement habit, liquidity, gap behavior, and volatility. The structural invalidation is a decisive recovery back above the formation's relevant resistance/right-shoulder area; the stored stop provides the packet's filtered protection level but should not be treated as universally optimal.
Minimum objective
The stored head-to-neckline minimum objective is 24.06, with the current completed close at 28.27 and no objective completion recorded. It is a minimum implication, not a guaranteed target or automatic exit. Relative to the stored stop at 32.01, the packet's reward-to-risk value of 1.13 shows limited compensation for the structural risk, especially while the formation itself remains incompletely documented.
Failure condition
The bearish watch fails if price decisively reclaims and holds above the broken boundary, particularly if it moves back through the right-shoulder/resistance structure. A sustained recovery above the stored stop reference would invalidate the short thesis under the packet's protection method.
Evidence to watch next
Stronger bearish evidence would be a completed-bar hold below 28.54, preferably a failed retest of that boundary followed by renewed selling, with continued or expanding downside volume and clearer reaction-low confirmation. Rejection of the break, a close back above the boundary, or renewed strength in the benchmark and related averages would reject or materially weaken the setup.
Validated levels
Boundary
$33.02
Close
$28.27
Minimum objective
$24.06
Filtered stop
$32.01
Objective / risk
1.13R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior advance is present: the completed bars rise from the late-July low area into the August 20 high, establishing an advance before the proposed reversal.
• The proposed peaks are directionally plausible: an earlier high on August 11, a higher high on August 20, and a lower right-side high on September 16.
• The September 21 completed bar closed at 28.27, below the stored neckline boundary of 28.54. Under the completion rule, a completed close beyond the boundary supplies price completion.
• The stored breakout-volume ratio of 1.15 indicates stronger activity on the boundary break than the formation baseline.
• The stored minimum objective is 24.06 and has not been marked complete.
Contrary evidence
• The packet lists no lower-contact dates, although a head-and-shoulders top requires identifiable reaction lows defining the neckline. Without those contacts, the formation classification remains unverified.
• The benchmark remains primarily bullish, its minor trend is only in transition, and the broader market confirmation state is not confirmed.
• The stored reward-to-risk figure is 1.13, indicating that the minimum measured move is modest relative to the structural stop distance; this is not especially attractive compensation for the setup's unresolved formation risk.
• The September 21 bar is a sharp downside break, but one completed close alone does not repair the missing neckline-contact evidence.
INTC
Intel Corporation
head shoulders bottom · long
New trigger
signal
$121.78
$121.54
$89.79
$157.35
1.11R
objective / filtered risk
1.91x
bullish
Entry analysis
The completed bars show a bullish head-and-shoulders bottom with a confirmed neckline completion, but the completion occurred through a gap and needs later price action to validate the breakout rather than treating the gap alone as sufficient confirmation.
The stored trigger is 121.54. The 2026-09-21 completed bar closed at 121.78, satisfying the upward neckline-break completion rule. Because the move began with a gap, the price trigger is recorded as completed but remains a warning-state signal until later bars hold above or successfully retest the neckline.
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Trend context
The issue was in a prior downtrend before the formation, which is the required context for a bullish reversal. The current issue screens are bullish, while broader participation and related-average evidence are mixed rather than fully confirmed.
Formation context
The stored structure is a 24-session head-and-shoulders bottom with lower contacts on 2026-08-11, 2026-09-01, and 2026-09-14. The middle trough is the deepest recorded contact, and the final trough is the right shoulder. The formation is classified as confirmed because the neckline boundary was exceeded on a completed bar.
Volume confirmation
Breakout volume was 1.91 times base volume, providing strong demand confirmation. This supports the price completion, but volume cannot by itself resolve whether the gap breakout will hold.
Structural stop
The stored stop is 89.79, based on a filtered formation-boundary reference. The historical 5% example filter beyond a formation boundary or confirmed Basing Point is only an example; it must fit the issue's movement habit, volatility, liquidity, and gap behavior and is not universal. No confirmed Basing Point is available in the packet.
Minimum objective
The stored minimum objective is 157.35, derived from the formation depth and projected from the completed neckline break. It offers a positive but modest reward relative to the stored structural risk, so adequacy is marginal rather than compelling. The minimum objective is a measuring implication, not an automatic exit; subsequent price and volume action should govern management.
Failure condition
A decisive failure back below the completed neckline, followed by loss of the formation's structural support, would reject the breakout. The stored protective stop is 89.79; a later confirmed Basing Point could provide a basis for raising a progressive stop, but none is recorded.
Evidence to watch next
The setup would strengthen if subsequent completed bars remain above 121.54, produce a successful retest that holds, and continue to show constructive demand without immediate reversal. It would weaken if price closes back below the neckline, the gap is fully retraced, breakout volume is followed by heavy selling, or the stored structural stop is reached.
Validated levels
Boundary
$121.54
Close
$121.78
Minimum objective
$157.35
Filtered stop
$89.79
Objective / risk
1.11R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior context is present: price had been in a clear decline before the formation began.
• The three trough contacts are recorded on 2026-08-11, 2026-09-01, and 2026-09-14, consistent with left shoulder, head, and right shoulder structure.
• The exact completion rule is satisfied: the 2026-09-21 close of 121.78 finished above the stored neckline boundary of 121.54.
• Breakout volume was strong, recorded at 1.91 times the formation base volume.
• The stored minimum objective is 157.35, above the 121.78 completion price.
Contrary evidence
• The neckline completion occurred with a gap, so the gap itself remains a warning until subsequent completed bars demonstrate sustained trade above the boundary.
• The broader market confirmation state is not confirmed, and the secondary benchmark context is mixed despite bullish primary screens.
• The reward relative to the stored structural risk is positive but modest: the stored reward-risk value is 1.11, leaving limited margin for slippage, volatility, or a failed breakout.
• No confirmed Basing Point is recorded for progressive stop management.
DOCN
DigitalOcean Holdings, Inc.
head shoulders bottom · long
New trigger
signal
$146.16
$143.91
$108.59
$186.08
1.06R
objective / filtered risk
1.94x
bullish
Entry analysis
The completed 2026-09-21 bar confirms an upside completion of the identified head-and-shoulders bottom: the close is above the 143.91 neckline and breakout volume is supportive. The signal is bullish but not a low-risk entry, because the stored structural stop is substantially below the trigger and the minimum objective offers only modest reward relative to that risk.
The trigger is valid because the completed 2026-09-21 bar closed at 146.16, above the 143.91 neckline. This is a signal, not merely a setup or warning. The classification relies on the completed-bar close rather than an intrabar move. A later close back below the broken boundary would weaken the breakout and require reassessment.
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Trend context
The required prior context for a bullish head-and-shoulders bottom is a preceding decline, and that context is present. The stock's supplied trend screens are bullish on the minor, primary, and secondary readings after the breakout. The benchmark context is less consistent, so the individual signal is stronger than the broader confirmation.
Formation context
This is a confirmed bullish head-and-shoulders bottom. The identified lower contacts are 2026-08-06, 2026-09-03, and 2026-09-14, with the deepest trough on 2026-09-03 and a higher right-side trough on 2026-09-14. The neckline boundary is 143.91. The packet does not provide upper-contact dates, which reduces confidence in the completeness of the geometric evidence but does not negate the recorded boundary break.
Volume confirmation
Breakout volume is recorded at 1.94 times base volume, providing meaningful confirmation of new demand on the neckline break. Volume supports the price signal but does not override a failed breakout or subsequent loss of the boundary.
Structural stop
The stored protective stop is 108.59, based on a formation-boundary reference of 114.31 with the historical 5% example filter applied beyond the structural boundary. That 5% figure is not universal; it must fit DOCN's movement habit, volatility, liquidity, and gap behavior. The stop is an invalidation control, not proof that the pattern will succeed, and a gap could produce a worse execution price. The stop should not be widened merely to avoid an exit.
Minimum objective
The active minimum objective is 186.08, derived by the stored head-to-neckline measurement method, and it has not been reached. The objective offers a positive but modest reward relative to the stored structural risk, so the watchlist signal has limited margin for error despite the confirmed breakout. The minimum objective is a measuring implication, not an automatic exit; subsequent price and trend evidence should determine whether the move is extended, held, or protected progressively.
Failure condition
The bullish case is weakened by a failed breakout that cannot hold above the 143.91 neckline, and it is operationally invalidated if price reaches the stored protective stop at 108.59. A decisive loss of the formation's structural support would reject the bullish interpretation.
Evidence to watch next
Strengthening evidence would be completed bars that hold above 143.91, continued or renewed demand on advances, and orderly progress toward 186.08 without violating the stored stop. Rejecting evidence would be a prompt close back below the neckline, heavy-volume selling after the breakout, or a move through the stored protective stop. The minimum objective should remain a reference point rather than a mandatory exit.
Validated levels
Boundary
$143.91
Close
$146.16
Minimum objective
$186.08
Filtered stop
$108.59
Objective / risk
1.06R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend was bearish: the packet records a -0.1774 prior-trend change, and the supplied bars show a decline into the formation area.
• The formation has three identified lower contacts on 2026-08-06, 2026-09-03, and 2026-09-14, consistent with left shoulder, head, and right shoulder sequencing; the middle trough is the deepest.
• The exact completion rule is satisfied by a completed-bar close above the neckline: the 2026-09-21 close is 146.16 versus the 143.91 boundary.
• Breakout volume is recorded at 1.94 times the base-volume measure, supporting the upward price completion.
• The stored minimum objective is 186.08 and has not been reached.
Contrary evidence
• The packet supplies no upper-contact dates for the neckline, so the boundary structure is less fully documented than the lower-contact sequence.
• The broader market evidence is mixed: SPY screens bullish, but DIA has a bearish minor trend and IYT has bearish secondary evidence; overall market confirmation is explicitly not confirmed.
• The stored reward-risk comparison is 1.06, which is positive but modest relative to the formation-defined structural risk; adequacy should be judged by the issue's movement habit and liquidity, not by a fixed multiple.
• The 2026-09-21 advance is a large-range breakout, so follow-through and the ability to hold above the neckline remain important.
AGRO
Adecoagro S.A.
head shoulders top · short
New trigger
signal
$11.14
$11.29
$12.73
$9.80
0.84R
objective / filtered risk
1.09x
transition
Entry analysis
The completed daily bar confirms a bearish head-and-shoulders-top boundary break: the 2026-09-21 close is below the stored neckline trigger. The formation is actionable as a short signal, but evidence quality is mixed because breakout volume is only modestly supportive, broader market confirmation is absent, and the stored minimum objective offers limited reward relative to the structural stop risk.
The exact completion rule is a completed-bar break of the neckline. The 2026-09-21 close at 11.14 is below the stored trigger price of 11.29, so the entry trigger is satisfied. A temporary intraday penetration without a completed close would not have been sufficient.
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Trend context
AGRO first shows the required prior advance into the September structure, then develops a minor topping sequence. The current stock evidence is bearish after the neckline break, while the broader benchmark and market screens remain mixed rather than decisively bearish.
Formation context
This is a confirmed head-and-shoulders top candidate because the prior advance, left shoulder, higher head, lower right shoulder, neckline, and duration are represented in the completed-bar packet. The pattern was only a warning before the neckline break; it became a signal after the completed daily close below the stored 11.29 boundary.
Volume confirmation
Volume on the boundary-break bar is above the stored base comparison, with a 1.09 breakout-volume ratio. This corroborates the break but is moderate rather than decisive, so continued downside follow-through matters.
Structural stop
The stored stop is 12.73, based on the formation-boundary reference of 12.12 with the historical 5% example filter. That percentage is not universal: it must fit AGRO's movement habit, liquidity, gap behavior, and volatility. The stop is a structural risk control, not proof that the formation will fail, and a gap could produce a worse fill.
Minimum objective
The stored minimum objective is 9.80, derived from the head-to-neckline measurement and projected from the confirmed boundary break. It is a minimum implication rather than a guaranteed target or automatic exit. The stored reward-risk value of 0.84 means the minimum objective does not offer especially attractive compensation for the structural risk to 12.73.
Failure condition
The bearish formation would be weakened or failed by a prompt return inside the formation, especially a decisive reclaim of the 11.29 neckline. A move through the stored 12.73 protective stop would also terminate the planned short-risk case; it would not require widening the stop.
Evidence to watch next
Stronger evidence would be sustained closes below the neckline, downside follow-through toward but not automatically out of the 9.80 minimum objective, and continued volume support. Rejection of the breakdown, a sustained close back above the neckline, or renewed strength through the right-shoulder area would weaken or reject the setup.
Validated levels
Boundary
$12.79
Close
$11.14
Minimum objective
$9.80
Filtered stop
$12.73
Objective / risk
0.84R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior advance is present: AGRO rallied from the August low area into the September formation, supporting reversal-pattern context rather than a pattern formed inside an established base.
• The formation has three stored upper contacts: 2026-09-01, 2026-09-10, and 2026-09-17, with the middle contact designated as the higher head and the later contact as the lower right shoulder.
• The stored neckline boundary is 11.29, and the completed 2026-09-21 close at 11.14 is below that boundary.
• The stored breakout volume ratio is 1.09, providing some downside-break support.
• The measured minimum objective is stored at 9.80 and has not been reached.
Contrary evidence
• Breakout volume is supportive but not forceful; a 1.09 ratio is not strong confirmation by itself.
• The market context is not confirmed: the primary screen is transition, the secondary screen is bullish, and breadth is 49.89% bullish.
• The stored reward-risk value is 0.84, indicating that the minimum objective is relatively close compared with the structural stop distance.
• The neckline break is recent, so follow-through has not yet demonstrated that price will remain outside the formation.
FFBC
First Financial Bancorp.
head shoulders top · short
New trigger
signal
$31.74
$31.94
$34.69
$29.30
0.83R
objective / filtered risk
0.77x
bullish
Entry analysis
FFBC has a confirmed bearish head-and-shoulders-top boundary break, but the short signal is weakened by below-baseline breakout volume, incomplete stored lower-contact detail, and a broader trend context that is not fully bearish. The stored minimum objective offers inadequate reward relative to the stored structural risk.
The warning and setup states are distinct from the signal. Before the neckline was broken, the shape was only a warning/setup and was not actionable as a completed top. The completed 2026-09-21 bar closed at 31.74 against the 31.94 neckline, satisfying the required completed-bar boundary rule and producing the stored short signal. The trigger is valid on price, but its strength is reduced by weak volume and limited latest-bar follow-through.
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Trend context
FFBC had a clear preceding advance before the proposed reversal structure, making a head-and-shoulders top contextually eligible. However, the current broader context is mixed: the primary benchmark trend remains bullish, and market confirmation is not established. That does not invalidate the individual bearish signal, but it lowers its quality and argues against treating it as a strong broad-market short environment.
Formation context
The stored structure is consistent with a head-and-shoulders top: an advance, a left-side peak, a higher head, and a right-side rally that failed below the head. The stored upper contacts support the shoulder/head framework. The absence of stored lower-contact dates is a material evidence limitation. The formation was not complete at the right shoulder; completion required the neckline break.
Volume confirmation
The stored breakout-volume ratio is 0.77, indicating lighter-than-preferred activity on the neckline break. Volume therefore corroborates the bearish interpretation only weakly. A stronger signal would show expanding downside participation on subsequent completed bars, while a quiet break followed by recovery above the neckline would undermine it.
Structural stop
The stored stop is 34.69, derived from the formation boundary with the historical 5% example filter beyond the stored stop reference. That historical filter is not universal: it must fit FFBC’s own movement habit, liquidity, gap behavior, and normal volatility. The stop should remain tied to structural invalidation and should not be widened merely to avoid an exit. A sustained recovery back above the neckline, especially toward the right-side structure, would weaken or invalidate the bearish setup before the stored stop is reached.
Minimum objective
The stored minimum objective is 29.3, derived from the formation-depth method after the confirmed neckline break. It is a minimum implication, not a guaranteed destination or an automatic exit. The stored reward-risk value of 0.83 shows that the minimum potential move is not adequate relative to the stored structural risk; this is an unfavorable opportunity filter even though the pattern has technically triggered. If price continues lower, current price action and progressive protection should determine management rather than an automatic exit at 29.3.
Failure condition
The bearish formation is weakened if completed bars reclaim and hold above the 31.94 neckline, particularly if price advances back through the right-shoulder area. A move through the stored structural stop at 34.69 is the stated risk-control failure level. Strong upside price action with improving volume would reject the bearish interpretation more decisively.
Evidence to watch next
The setup would strengthen with consecutive completed closes below 31.94, expanding downside volume, and failure of any neckline retest from below. It would weaken with a quick recovery above 31.94, low-volume downside drift without follow-through, or a bullish reversal that re-enters the formation. Broader confirmation would improve if the benchmark and related market measures also turned decisively bearish.
Validated levels
Boundary
$34.58
Close
$31.74
Minimum objective
$29.30
Filtered stop
$34.69
Objective / risk
0.83R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The completed bars show a prior advance from the upper-27 area into the mid-30s, satisfying the required prior-uptrend context for a topping formation.
• The packet identifies a left shoulder, a higher head, and a lower right-side rally, with upper formation contacts recorded on 2026-06-15, 2026-08-05, and 2026-09-15.
• The stored neckline boundary is 31.94, and the completed 2026-09-21 bar closed at 31.74, below that boundary.
• The formation is therefore confirmed under the boundary-completion rule: a completed bar closed through the neckline rather than merely probing it intraday.
• The stored minimum objective is 29.3, while the stored current price is 31.74 and the stored structural stop is 34.69.
• The stored reward-risk value is 0.83, indicating that the minimum measured reward is smaller than the structural risk without applying any fixed reward-risk threshold.
Contrary evidence
• Breakout volume is stored at 0.77 of the comparison volume, so downside participation did not provide strong confirmation.
• The benchmark remains primary bullish with minor and secondary transition readings, while breadth is near balance rather than decisively bearish.
• The packet records no lower-contact dates, which reduces confidence in the precision of the stored neckline construction even though the boundary break itself is present.
• Price moved below the neckline only modestly on the latest completed bar, so additional follow-through would improve confirmation quality.
IOT
Samsara Inc.
head shoulders top · short
New trigger
signal
$38.05
$38.60
$45.35
$32.08
0.82R
objective / filtered risk
0.59x
bullish
Entry analysis
The completed-bar evidence confirms a bearish head-and-shoulders-top boundary break, but the fresh-entry reward is not adequate relative to the stored structural risk. The bearish signal remains active as a watchlist signal rather than an attractive new short at the recorded levels.
A head-and-shoulders top is not complete merely because the right shoulder forms. The exact completion event is a completed-bar close through the neckline. The 2026-09-21 close at 38.05 is below the supplied 38.6 boundary, so the price trigger is complete. This is distinct from a warning or setup: the warning was the developing shape, the setup was the formed pattern awaiting the break, and the signal is the completed-bar neckline break.
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Trend context
The issue had the required prior advance for a top formation, followed by a minor bearish turn. However, the broader context is mixed: the issue's primary and secondary screens are bullish while its minor screen is bearish; the benchmark screens are not aligned for formal bearish confirmation.
Formation context
The named formation is a head-and-shoulders top: an advancing background, a left-side high, a higher central high, and a lower right-side rally. The supplied upper contacts are 2026-08-27, 2026-09-04, and 2026-09-14; the stated neckline boundary is 38.6 and the stated formation high is 45.12. The absence of supplied lower-contact dates makes the geometric evidence less complete, but the packet's confirmed classification is supported by the completed neckline close.
Volume confirmation
The downside break has recorded breakout volume of 0.59 relative to base volume. That is weaker than ideal confirmation for a top, so volume supports the break only modestly. It does not negate the completed price trigger, but it lowers confidence and makes follow-through important.
Structural stop
The stored stop is 45.35, using the supplied formation-boundary-filtered method and no confirmed Basing Point. The packet identifies 43.19 as the stop reference and a 5% filter. That historical 5% example is only an allowance for normal movement; it must fit the issue's movement habit and is not universal. A stop should remain beyond the structural invalidation area, and a gap can produce execution worse than the stop.
Minimum objective
The stored minimum objective is 32.08, derived by the supplied head-to-neckline-depth method, and it remains incomplete. The recorded reward-to-risk value is 0.82, so the minimum objective does not offer adequate potential relative to the stored structural risk for a fresh short. The minimum objective is a measuring implication, not an automatic exit; subsequent price action and progressive risk control would govern management.
Failure condition
The bearish formation is weakened or invalidated by a decisive recovery back above the broken neckline, particularly if price re-establishes itself within the formation. A move through the stored stop area at 45.35 would also invalidate the planned short-risk structure. No confirmed Basing Point is supplied.
Evidence to watch next
Stronger bearish evidence would be continued completed-bar closes below the neckline, downside follow-through toward but not automatically through the 32.08 minimum objective, and improving downside volume. Rejection of the break, a prompt close back above 38.6, or a rally toward and through the right-shoulder/stop reference would weaken or reject the watchlist signal. Broader bearish confirmation from the primary and secondary trend screens would also improve context.
Validated levels
Boundary
$45.12
Close
$38.05
Minimum objective
$32.08
Filtered stop
$45.35
Objective / risk
0.82R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• A prior advance is present: price rose from the late-July low area into the August advance and subsequently reached the recorded formation highs.
• The supplied formation identifies three upper contacts on 2026-08-27, 2026-09-04, and 2026-09-14, with the middle high at the formation boundary high and the later rally failing below it.
• The 2026-09-21 completed bar closed at 38.05, below the stated neckline boundary at 38.6. Under the required completion rule, a completed-bar close beyond the neckline completes the top.
• The recorded minimum objective is 32.08 and has not been reached.
• The minor trend screen is bearish, which is consistent with the completed neckline break.
Contrary evidence
• Breakout volume is recorded at 0.59 of the base-volume reference, so volume corroboration is weak rather than strong. Price confirmation is present, but the participation evidence is not compelling.
• The primary and secondary trend screens remain bullish, and the benchmark confirmation state is not confirmed. This creates a broader-trend conflict for a bearish position.
• The stored reward-to-risk figure is 0.82, indicating that the remaining minimum-objective potential is smaller than the structural risk at the stored stop.
• The price has already moved below the stated trigger level, reducing the quality of a fresh entry at that level.
BMNR
BitMine Immersion Technologies,
rounding bottom · long
New trigger
signal
$28.25
$26.97
$12.16
$41.14
0.80R
objective / filtered risk
1.32x
transition
Entry analysis
The completed-bar evidence confirms a bullish rounding-bottom breakout, but mixed market context, limited follow-through evidence, and inadequate stored reward relative to structural risk argue for a qualified signal rather than an unreserved bullish judgment.
The trigger is a signal, not merely a setup, because the completed 2026-09-21 close of 28.25 cleared the 26.97 boundary. The high was 28.33. Additional price action is still needed to distinguish durable continuation from a failed breakout.
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Trend context
The necessary prior bearish trend preceded the formation. Broader market evidence is mixed and does not yet provide full confirmation for the individual breakout.
Formation context
The completed structure is classified as a confirmed rounding bottom. Price declined into the 12.80 low, formed the rounded base, and recovered toward the 26.97 overhead-resistance boundary over 90 sessions. The formation contacts support the classification, but the pattern's completion does not guarantee persistence.
Volume confirmation
The 1.32 breakout-volume ratio supports the upward boundary penetration and is stronger than a low-volume break. No later completed bars are supplied to confirm continued volume support or reveal distribution.
Structural stop
The stored stop is 12.16, based on the historical 5% example filter beyond the 12.80 formation boundary; no confirmed Basing Point is stored. That 5% filter is an example, not a universal rule, and must fit the issue's movement habit and volatility. The large structural distance to the stop contributes to the inadequate stored reward relative to risk.
Minimum objective
The stored minimum objective is 41.14, derived from the formation depth. It is a minimum measuring guide rather than an automatic exit. Subsequent price behavior, resistance, and trend evidence should determine management.
Failure condition
The breakout would be weakened by a completed close back below the 26.97 boundary, particularly if accompanied by expanding selling volume. Deeper weakness through the formation would provide stronger evidence that the completion failed. No failed-breakout bar is present in the supplied packet.
Evidence to watch next
The signal would strengthen through additional completed closes above 26.97, constructive follow-through, continued supportive volume, and improving benchmark and breadth confirmation. It would be rejected or downgraded by a failed close back below 26.97, especially with expanding selling volume, or by further evidence that the minimum objective remains inadequate relative to the structural risk.
Validated levels
Boundary
$26.97
Close
$28.25
Minimum objective
$41.14
Filtered stop
$12.16
Objective / risk
0.80R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior bearish trend is present, with a stored prior-trend change of -7.35% and a decline into the 12.80 formation low.
• The 90-session structure shows the required rounded decline, bottoming area, and recovery, with a lower contact on 2026-06-30 and upper-area contacts on 2026-05-12 and 2026-09-18.
• The exact completion rule is satisfied: the completed 2026-09-21 bar closed at 28.25, above the 26.97 overhead-resistance boundary.
• Breakout volume is recorded at 1.32 times base volume, supporting the boundary break.
• The stored minimum formation-depth objective is 41.14, above the 28.25 completion price.
Contrary evidence
• The benchmark context is mixed: its primary screen is bullish, while minor and secondary screens are in transition; breadth is 49.89% bullish and the market confirmation state is not confirmed.
• The stored reward/risk value is 0.8, indicating that the minimum objective does not adequately compensate for the structural risk represented by the stored stop.
• Only one completed bar beyond the boundary is supplied, so sustained follow-through has not yet been demonstrated.
• The issue is highly volatile, and the historical 5% boundary filter may not provide sufficient allowance for its normal movement habit.
PGNY
Progyny, Inc.
rising wedge · short
New trigger
signal
$26.86
$26.87
$28.57
$25.50
0.80R
objective / filtered risk
0.63x
bullish
Entry analysis
The completed 2026-09-21 bar closes below the rising-wedge lower boundary, completing the required downside boundary break. The short signal is bearish, but weak breakout volume and an inadequate stored reward-to-structural-risk assessment reduce confidence.
The exact completion rule is met by a completed daily close beyond the relevant formation boundary. The 2026-09-21 close of 26.86 is below the stored lower boundary and trigger level of 26.87. No intraday or uncompleted-bar evidence is used.
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Trend context
PGNY had a clear advancing prior trend into the formation, satisfying the required context for a rising wedge considered for a short resolution. The current stock screens are minor bullish, primary bullish, and secondary bearish, so the short signal is counter to the primary screen. The benchmark context is also mixed, with bullish primary conditions but transition or bearish lower-degree conditions.
Formation context
The repeated contacts support converging upper and lower boundaries over the stated 30-session duration. The rising-wedge classification is confirmed by the prior advance, coherent contacts, and completed downside boundary break. The gap at the formation start remains contextual warning evidence, not the completion event.
Volume confirmation
Volume supports the existence of the formation but does not strongly validate the breakdown: the stored breakout volume ratio is 0.63, below the formation base-volume reference. Price completion therefore carries more weight than volume confirmation, leaving the signal mixed rather than strong.
Structural stop
The stored short stop is 28.57, referenced to the formation's upper boundary at 27.21 and filtered with the historical 5% example allowance. That filter is not universal; it must fit PGNY's movement habit, volatility, liquidity, and gap behavior. The structural invalidation is a sustained move back above the formation's upper boundary, with the stored filtered stop serving as the protective level.
Minimum objective
The stored minimum objective is 25.50, based on the widest formation height, and it remains active because it has not been reached. The supplied reward-risk assessment is 0.8, so the minimum objective does not adequately compensate for the stated structural risk. The objective is a minimum measured implication, not an automatic exit; subsequent price and trend evidence should govern continuation or exit decisions.
Failure condition
The short formation is invalidated by a return above the rising-wedge upper boundary, particularly if price re-enters and sustains within the formation after the break. The stored protective stop is 28.57. A failed breakdown or decisive recovery toward the upper boundary would reject the short watchlist thesis.
Evidence to watch next
Stronger confirmation would be additional completed bars holding below 26.87, preferably with expanding downside volume, followed by progress toward 25.50 without recovering into the wedge. Rejection evidence would be a prompt close back inside the formation, a sustained move above the lower boundary, or a recovery through the upper boundary and stored stop.
Validated levels
Boundary
$27.21
Close
$26.86
Minimum objective
$25.50
Filtered stop
$28.57
Objective / risk
0.80R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior trend is present: PGNY advanced substantially before the formation began on 2026-08-07.
• The formation has repeated lower-boundary contacts on 2026-08-07, 2026-08-12, 2026-08-18, 2026-08-28, 2026-09-03, 2026-09-09, and 2026-09-17, with upper-boundary contacts on 2026-08-20, 2026-09-03, 2026-09-09, and 2026-09-18.
• The 2026-09-21 completed bar closes at 26.86, below the stored lower boundary and trigger price of 26.87; this satisfies the price-completion rule for the downside signal.
• The formation is marked confirmed, with the minimum objective stored at 25.50 and not yet reached.
Contrary evidence
• Breakout volume is stored at 0.63 of the formation base volume, so the downside break lacks strong volume confirmation.
• The broader context is mixed: PGNY's primary trend screen is bullish, its secondary screen is bearish, and the market confirmation state is not confirmed.
• The stored reward-risk assessment is 0.8, indicating that the minimum objective does not offer adequate compensation relative to the structural risk under the supplied plan.
• The 2026-08-07 gap event was initially only a warning; it is not treated as the entry signal. Later price action, rather than the gap itself, supplies the confirmation.
ROAD
Construction Partners, Inc.
falling wedge · long
New trigger
signal
$94.46
$94.26
$87.06
$100.29
0.79R
objective / filtered risk
1.28x
bearish
Entry analysis
ROAD has a completed bullish falling-wedge breakout, but the signal is counter to the established bearish primary and minor trends. The formation signal is valid on completed-bar evidence, while the broader context warrants a transition classification rather than an unqualified bullish result.
The prior warning state was the developing wedge and its possible bullish resolution; the setup state was the completed structure awaiting a valid boundary break. The signal state is now active because the completed 2026-09-21 bar closed above the stored upper boundary of 94.26. This satisfies the exact completion rule requiring a completed-bar close beyond the boundary, rather than relying on an intraday high.
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Trend context
The prior trend before the falling wedge was bearish, satisfying the required context for a potential bullish reversal formation. ROAD's current minor and primary screens remain bearish, while the secondary screen is transitioning. The broader market evidence is mixed and lacks confirmation, so the breakout changes the immediate posture but does not yet establish a durable uptrend.
Formation context
The named formation is a confirmed falling wedge: two converging declining boundaries with six recorded lower-boundary contacts and six upper-boundary contacts from 2026-08-10 through 2026-09-16. The formation is bullish in implication because the decline is narrowing, but its implication is subordinate to the required price completion and subsequent follow-through.
Volume confirmation
Volume contracted during the formation relative to the stored base, then expanded on the breakout to a recorded 1.28 breakout-volume ratio. That is supportive for the upside completion, but volume confirms participation rather than guaranteeing continuation. A later completed bar holding above the broken boundary would provide stronger evidence.
Structural stop
The stored stop is 87.06, referenced to the lower formation boundary at 91.64 with the historical 5% example filter beyond that boundary. This filter is not universal: it must fit ROAD's normal movement habit, volatility, liquidity, and the formation's structural behavior. The packet contains no confirmed Basing Point, so the stop is not based on one. The stored reward-risk value of 0.79 shows that structural risk is large relative to the minimum objective's available reward.
Minimum objective
The stored minimum objective is 100.29, derived by adding the stored widest-formation measurement of 6.03 to the breakout reference. It is an active minimum implication, not a guaranteed target or automatic exit. Price has not reached the stored objective in the packet; continuation, stalling, and new support should determine management.
Failure condition
The bullish formation signal is weakened or failed by a completed-bar close back below the broken upper boundary, especially if followed by continued weakness. A decisive move through the lower formation boundary, or a stop execution at the stored invalidation level, would invalidate the long setup. No failed-breakout date is recorded.
Evidence to watch next
Stronger evidence would be a completed bar that holds above 94.26, additional upside follow-through with constructive volume, and improvement in ROAD's minor and primary trend screens alongside broader market confirmation. Rejection back into the wedge, a close below the broken boundary, weakening volume on attempted advances, or renewed lower lows would reject or materially weaken the setup.
Validated levels
Boundary
$94.26
Close
$94.46
Minimum objective
$100.29
Filtered stop
$87.06
Objective / risk
0.79R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend into the formation was bearish, with price declining from the earlier high area into the wedge; this supplies the required declining context for a bullish falling wedge.
• The formation has converging declining boundaries and multiple recorded lower-boundary and upper-boundary contacts, including six contacts on each boundary.
• The 2026-09-21 completed bar closed at 94.46, above the stored upper boundary of 94.26. Under the boundary-completion rule, the close beyond the boundary completes the breakout; an intraday penetration alone would not have been sufficient.
• Breakout volume is recorded at 1.28 times the base volume, while the base volume ratio is 0.60, providing supportive expansion on the upside break.
• The stored minimum objective is 100.29 and remains incomplete.
Contrary evidence
• The stock's stored minor and primary trend screens are bearish, with only the secondary screen in transition.
• The market context is not confirmed: breadth is near balance at 49.89% bullish, and the related-average context is mixed rather than uniformly supportive.
• The stored reward-risk value is 0.79, indicating that the minimum objective does not offer adequate reward relative to the stated structural stop risk for a fresh entry under this review.
• The breakout is a tactical signal, but follow-through beyond the boundary is not yet established by a later completed bar in the packet.
DOCN
DigitalOcean Holdings, Inc.
triple bottom · long
New trigger
signal
$146.16
$144.52
$105.57
$174.89
0.71R
objective / filtered risk
1.54x
bullish
Entry analysis
The completed bars show a confirmed triple-bottom boundary break, but the breakout occurred as a large gap event and therefore remains a warning pending later price action. The formation is bullish, while immediate commitment is not fully validated.
The exact boundary-completion rule is satisfied by the completed 2026-09-21 bar: it closed above the 144.52 intervening-reaction boundary. An intrabar penetration alone would not have completed the formation; the closing break is the relevant evidence. However, because completion occurred through a gap event, the entry state remains a warning until later bars demonstrate that price can hold above the boundary.
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Trend context
The issue first shows a substantial decline into the formation, satisfying the required reversal context for a triple bottom. The stored minor, primary, and secondary screens are now bullish, but the external market confirmation remains incomplete, so the trend backdrop supports the pattern without removing its confirmation risk.
Formation context
The formation is classified as a triple bottom because three separated lower contacts are recorded with an intervening reaction high at 144.52. The contacts are not identical lows, but they fall within the packet's stated tolerance. There is no confirmed Basing Point stored.
Volume confirmation
The stored breakout-volume ratio of 1.54 supports the upside break, indicating stronger participation than the formation baseline. Volume is corroborating evidence only; it does not overcome the need for later price confirmation, particularly after a gap breakout.
Structural stop
The stored stop is 105.57, derived from the 111.13 structural reference with the historical 5% example filter beyond the formation boundary or confirmed Basing Point. That filter is not universal: it must fit the issue's normal movement habit, volatility, and gap behavior. Since no confirmed Basing Point is stored, the formation-based reference remains the relevant structural basis.
Minimum objective
The stored minimum formation objective is 174.89, derived from the stated formation depth. It is a minimum implication, not an automatic exit or guaranteed target. Relative to the stored structural stop and current price, the packet's 0.71 reward-risk measure indicates inadequate compensation at present, so the objective does not by itself justify immediate commitment.
Failure condition
A prompt return into the formation range, especially a completed close back below 144.52, would reject or materially weaken the breakout. A decline through the stored 105.57 stop would invalidate the stated risk plan. Failure to hold above the boundary after the gap would be stronger contrary evidence than an ordinary shallow retest.
Evidence to watch next
The setup would strengthen through one or more subsequent completed bars holding above 144.52, preferably with continued or renewed volume, followed by a successful retest that remains above the boundary. It would weaken through a close back inside the formation, a gap-fade reversal, or a decisive move toward the stored structural stop.
Validated levels
Boundary
$144.52
Close
$146.16
Minimum objective
$174.89
Filtered stop
$105.57
Objective / risk
0.71R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior declining trend is present: the packet records a prior trend change of -0.3154 before the formation began.
• Three separated lower contacts are recorded on 2026-07-17, 2026-08-06, and 2026-09-14, with lows clustered around the stated formation area.
• The intervening reaction boundary is 144.52, and the 2026-09-21 completed bar closed at 146.16 after trading to 148.04.
• The stored breakout-volume ratio is 1.54, providing supportive participation on the boundary break.
• The broader trend screens are bullish for the issue, although the benchmark confirmation state is not confirmed.
Contrary evidence
• The 2026-09-21 breakout followed a substantial gap from the prior completed bar. A gap event is a warning until subsequent price action confirms that the move can hold.
• Only one completed bar is available after the boundary break, so there is no later retest or sustained acceptance above 144.52.
• The market context is mixed: breadth is below half bullish, and DIA and IYT do not provide uniform confirmation.
• The stored reward-risk value is 0.71, indicating that the minimum objective does not adequately compensate for the structural stop distance at this stage.
AJG
Arthur J. Gallagher & Co.
rectangle · short
New trigger
signal
$236.61
$238.75
$285.66
$205.44
0.64R
objective / filtered risk
0.94x
bullish
Entry analysis
AJG has a confirmed bearish rectangle breakdown after a prior advance, with the completed 2026-09-21 bar closing below the lower boundary. The price event is a signal, while weak breakdown volume and incomplete broader-market confirmation remain warnings; the stored minimum objective does not offer adequate reward relative to the structural risk.
The 2026-09-21 completed bar traded below and closed below 238.75 at 236.61. That completed close, rather than an intrabar penetration alone, activates the short signal. The earlier range was a setup; the boundary break is the separate signal state.
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Trend context
The prior price movement was bullish into the formation, while the completed-bar trend screens now show minor bearish, primary bullish, and secondary bearish conditions. The mixed trend degrees support a bearish tactical signal but not broad primary-trend confirmation.
Formation context
This is a confirmed rectangle with horizontal boundaries at 238.75 and 272.06. The repeated upper and lower contacts establish the range. The prior advance means the rectangle could have served as a reversal or continuation structure; direction was unresolved until the completed closing break below support.
Volume confirmation
Breakdown volume is stored at 0.94 relative to base volume, below the base ratio of 1.02. This is not strong expansion on the break, so follow-through price action is more important than the initial volume reading.
Structural stop
The stored protective stop is 285.66, referenced to the upper formation boundary and filtered beyond it. The historical 5% example filter is only an example: it must fit the issue's movement habit, volatility, liquidity, and gap behavior and is not universal. A stop can fill materially worse after a gap.
Minimum objective
The stored minimum objective is 205.44, derived by the formation-height method, and has not been reached. It is a minimum measured implication, not a guaranteed target or automatic exit. The stored reward-risk assessment of 0.64 shows that this objective is not adequate relative to the structural risk for a fresh position.
Failure condition
The bearish rectangle signal is weakened or failed by a prompt return into the rectangle, especially a completed close back above the 238.75 lower boundary. The stored protective stop at 285.66 is the risk-control level beyond the formation's upper boundary.
Evidence to watch next
A stronger watchlist case would require continued completed-bar closes below 238.75, preferably with expanding downside volume, no prompt return into the range, and broader-market trend deterioration. The setup would be rejected or downgraded if price closes back inside the rectangle, reclaims the lower boundary, or shows sustained strength toward the upper boundary.
Validated levels
Boundary
$272.06
Close
$236.61
Minimum objective
$205.44
Filtered stop
$285.66
Objective / risk
0.64R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend was an advance into the late-July high, providing the required directional context for a possible reversal or continuation rectangle.
• The rectangle has two recorded upper contacts on 2026-08-24 and 2026-09-03 and two lower contacts on 2026-09-11 and 2026-09-16.
• The completed 2026-09-21 bar closed at 236.61, below the 238.75 lower boundary, satisfying the required closing-boundary completion rule for the short breakdown.
• The minimum objective is stored as 205.44 and remains incomplete.
• Minor and secondary trend screens are bearish.
Contrary evidence
• Breakout volume was only 0.94 of base volume versus a base volume ratio of 1.02, so volume does not strongly confirm the breakdown.
• The primary trend screen remains bullish, and benchmark confirmation is explicitly not confirmed.
• The stored reward-risk assessment is 0.64, indicating inadequate reward relative to the structural risk of the short setup.
• A prompt recovery back inside the rectangle would provide contrary evidence and raise the possibility of a failed breakdown.
ESAB
ESAB Corporation
falling wedge · long
New trigger
signal
$67.01
$66.55
$61.42
$70.23
0.58R
objective / filtered risk
1.79x
bearish
Entry analysis
ESAB has a confirmed bullish falling-wedge boundary completion, but the long signal is counter to bearish primary, secondary, and minor trend screens and the broader market confirmation is absent. The stored minimum objective does not offer adequate reward relative to the structural risk, so this is a technically triggered but weak watchlist signal rather than a favorable fresh-entry setup.
The exact boundary-completion rule is met on the completed September 21 bar: its close of 67.01 finished above the 66.55 upper boundary. A mere intraday penetration would not have completed the pattern; the completed-bar close is the relevant evidence. The trigger is therefore a signal, distinct from the earlier setup or warning states.
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Trend context
The issue entered the formation after a substantial decline, which supplies the required prior bearish trend for a falling wedge with bullish implications. However, all supplied trend screens remain bearish, and the benchmark confirmation state is not confirmed. The immediate formation signal therefore conflicts with the larger trend context and is best classified as transition rather than established bullish trend.
Formation context
The named formation is a falling wedge: both boundaries slope downward while converging. The supplied contact dates show repeated interaction with both boundaries from August 11 through September 16, supporting a coherent formation rather than a single-line impression. Its duration is 30 sessions, and the formation is marked confirmed.
Volume confirmation
Breakout volume is recorded at 1.79 times the base-volume reference, materially stronger than the formation baseline of 1.05. This supports the price completion, although volume cannot override the bearish trend screens or substitute for subsequent follow-through.
Structural stop
The stored stop is 61.42, referenced to the lower formation boundary at 64.65 and using the historical 5% example filter beyond that boundary. That filter is not universal: it must fit ESAB's movement habit, volatility, liquidity, and gap behavior. The lower boundary is the structural invalidation area; a decisive return through it weakens or rejects the bullish formation, while reaching the stored filtered stop ends the long thesis. No stop should be widened merely to preserve the setup.
Minimum objective
The stored minimum objective is 70.23, derived using the widest formation-height method and activated only after the confirmed boundary break. It remains incomplete. The objective is a minimum measurement, not a guaranteed destination or automatic exit; current trend, volume, price behavior, and any later valid basing points should govern management. At the supplied price and stored stop, the objective does not provide adequate reward relative to structural risk.
Failure condition
The bullish signal would be rejected by a decisive completed-bar return below the lower wedge boundary, particularly if price reaches the stored filtered stop at 61.42. A failed breakout or weak recovery after a return into the wedge would further invalidate the long interpretation.
Evidence to watch next
Stronger evidence would be one or more completed bars holding above 66.55, continued upside progress toward 70.23 on constructive volume, and eventually a confirmed higher low that qualifies as a Basing Point. Rejection would be signaled by a close back inside or below the wedge, expanding downside volume, renewed lower lows, or continued bearish confirmation from the benchmark and market screens.
Validated levels
Boundary
$66.55
Close
$67.01
Minimum objective
$70.23
Filtered stop
$61.42
Objective / risk
0.58R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend was bearish: price declined from the April high near 110.21 to the September 18 close near 64.94, with broadly lower highs and lower lows.
• The falling wedge has the required converging downward boundaries and repeated contacts: seven recorded lower-boundary contacts and seven upper-boundary contacts.
• The completed September 21 bar closed at 67.01, above the stored upper boundary and trigger level of 66.55. This satisfies the required completion rule: a completed daily bar must close beyond the formation boundary.
• Breakout volume was recorded at 1.79 times the base-volume reference, providing meaningful confirmation of the upside boundary break.
• The formation remains unfailed, and the stored objective has not been reached.
Contrary evidence
• The benchmark trend screens are bearish across minor, primary, and secondary degrees, while the broader confirmation state is not confirmed.
• The minimum objective is stored at 70.23, versus a current price of 67.01, while the stored protective stop is 61.42; the available reward is materially smaller than the structural risk.
• The breakout is only represented by the latest completed bar, so additional follow-through would improve confidence in the reversal from the prior decline.
• No confirmed Basing Point is present for progressive-stop support.
LYB
LyondellBasell Industries NV
head shoulders top · short
New trigger
signal
$60.24
$61.88
$68.79
$55.34
0.57R
objective / filtered risk
0.90x
transition
Entry analysis
The completed-bar evidence confirms a head-and-shoulders-top downside break, but weak breakout volume, mixed broader context, and limited structural reward relative to the stored stop reduce the quality of the short setup.
The short signal was completed when the 2026-09-21 bar closed below 61.88 at 60.24. This separates the confirmed signal from an earlier warning or setup. Since the bar has already moved materially below the boundary, the packet does not show a new boundary-entry opportunity at the review point.
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Trend context
The prior trend was upward into the formation, as required for a top formation. Broader conditions are mixed rather than uniformly bearish, with the benchmark's primary and secondary screens not aligned with the minor bearish reading.
Formation context
The structure is classified as a confirmed head-and-shoulders top. The packet records the formation contacts and a neckline at 61.88. The exact completion rule is satisfied by a completed daily close below the neckline; an intrabar move below it alone would not complete the formation.
Volume confirmation
Volume weakens the signal's quality. The recorded breakout volume ratio of 0.9 does not show convincing expansion relative to the formation's base volume. Further completed-bar downside movement with stronger volume would improve confirmation; a reclaim of the neckline, especially with upside volume, would undermine it.
Structural stop
The stored stop is 68.79, based on the 65.51 formation reference with a 5% filter. That filter is a historical example rather than a universal rule; it must fit the issue's normal movement habit and volatility. The stop should remain tied to structural invalidation and should not be widened to preserve the position.
Minimum objective
The stored minimum objective is 55.34, derived from the recorded head-to-neckline depth. It has not been reached. The available move to that objective is limited relative to the stored structural risk, as reflected by the 0.57 reward-risk value. The minimum objective is a measuring guide, not an automatic exit; later price action and progressive protection should govern management.
Failure condition
A completed-bar close back above the 61.88 neckline would reject the downside completion and weaken the short thesis. A completed move above the formation's upper structure would provide stronger failure evidence.
Evidence to watch next
The setup would strengthen if subsequent completed bars remain below 61.88, show improving downside volume, and progress toward 55.34 without reclaiming the neckline. It would be rejected by a completed-bar recovery above 61.88, particularly with strong upside volume or rapid upside follow-through.
Validated levels
Boundary
$68.42
Close
$60.24
Minimum objective
$55.34
Filtered stop
$68.79
Objective / risk
0.57R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The formation follows a prior advance, satisfying the required trend context for a head-and-shoulders top.
• The packet records the required formation contacts, including upper contacts on 2026-08-11, 2026-08-21, and 2026-09-16.
• The 2026-09-21 bar closed at 60.24, below the 61.88 neckline.
• The packet classifies the formation as confirmed and the screen as triggered.
Contrary evidence
• The breakout volume ratio is 0.9, so the downside break lacks strong volume confirmation.
• The benchmark context is mixed: minor trend is bearish, primary trend is transition, secondary trend is bullish, and confirmation is not established.
• The stored reward-risk value is 0.57, indicating limited potential reward relative to the structural risk represented by the stored stop.
• The break is already below the neckline, so the evidence supports an active signal rather than a fresh, lower-risk entry.
CRWV
CoreWeave, Inc.
falling wedge · long
New trigger
signal
$85.43
$83.26
$75.93
$90.27
0.51R
objective / filtered risk
1.34x
bearish
Entry analysis
The completed bars show a confirmed upside boundary break from the supplied falling-wedge structure, but the setup is weakened by volatile price behavior, adverse broader trend context, and limited reward relative to the stored structural risk.
The exact completion event is a decisive completed-bar close through the upper boundary. On 2026-09-21, the close at 85.43 exceeded the supplied 83.26 boundary and trigger price, so the formation moved from setup to signal. The earlier intraday penetrations did not complete the formation without a qualifying close.
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Trend context
The issue had a sharp upward move immediately before the named formation, which provides the required bullish prior move for a falling-wedge continuation interpretation. However, the larger completed-bar record shows a highly volatile and materially weaker trend, and the current trend screens are bearish. The broader environment therefore does not confirm the long signal.
Formation context
The supplied structure is a falling wedge from 2026-08-07 through 2026-09-18, bounded by converging trendlines. The listed contacts support the classification, but the large gap and wide price swings make it a lower-quality formation. The gap is treated as a warning rather than independent confirmation.
Volume confirmation
The breakout volume ratio of 1.34 versus base volume supports the upside completion. Volume is constructive but not conclusive because the formation itself contains irregular high-volume and gap activity; sustained turnover on additional upside bars would improve confidence.
Structural stop
The stored stop is 75.93, referenced to the lower formation boundary at 79.93 and filtered by the supplied historical 5% example. That filter is not universal: it must fit the issue's movement habit, volatility, liquidity, and gap behavior. Given this issue's unusually large daily ranges and gaps, the stored stop should be regarded as a supplied structural reference rather than proof that normal movement risk is fully covered.
Minimum objective
The supplied minimum objective is 90.27, derived from the widest formation height projected from the completed breakout. It is a minimum potential indication, not an automatic exit. If price approaches or exceeds it, holding or reducing exposure should depend on current trend behavior, volume, support, and a progressively improved protective stop.
Failure condition
The long signal is weakened or invalidated by a decisive completed-bar return below the broken upper boundary, especially if price loses the formation structure and then breaks below the stored structural reference at 79.93. A move through the stored stop at 75.93 would represent the supplied protective exit level, subject to execution and gap risk.
Evidence to watch next
Stronger confirmation would be a sustained close above 83.26, follow-through toward 90.27 on healthy or expanding volume, and improving trend confirmation from the broader market. Rejection back inside the wedge, weak-volume follow-through, renewed heavy selling, or a decisive break below the formation support would reject the watchlist setup.
Validated levels
Boundary
$83.26
Close
$85.43
Minimum objective
$90.27
Filtered stop
$75.93
Objective / risk
0.51R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior context includes a sharp advance into the formation, followed by a generally declining and contracting correction from the August peak area.
• The packet identifies meaningful lower-boundary contacts on 2026-09-04 and 2026-09-14 and upper-boundary contacts on the same dates, supporting the supplied converging-boundary classification.
• The 2026-09-21 bar closed at 85.43, above the supplied upper boundary and trigger level of 83.26. This satisfies the completed-bar boundary-break requirement; the intraday high alone would not have been sufficient.
• Breakout volume is listed at 1.34 times base volume, providing supportive participation on the upside break.
• The stored minimum objective is 90.27, and it has not been reached.
Contrary evidence
• The broader trend screens are bearish across minor, primary, and secondary measures, while the benchmark is not uniformly confirming the move.
• The formation contains unusually large price excursions and a gap event during its development, reducing the clarity of the wedge and requiring later price action for confirmation of durability.
• The supplied formation contacts are limited and overlapping, so the converging-boundary interpretation is less robust than a cleaner multi-contact structure.
• The stored reward-risk reading is 0.51, indicating that the minimum objective offers limited reward relative to the structural stop distance; this is an opportunity-quality concern, not a reason to alter the supplied levels.
PLNT
Planet Fitness, Inc.
triple top · short
New trigger
signal
$47.05
$47.58
$56.70
$42.35
0.49R
objective / filtered risk
1.49x
bearish
Entry analysis
The completed bars show a bearish boundary completion for the proposed triple top: price broke below the intervening-reaction boundary on 2026-09-21 and closed below it. The short signal is technically active, but the formation contacts are uneven and the stored minimum reward is modest relative to the structural stop distance.
The short trigger is valid under the stated boundary rule because the completed 2026-09-21 bar broke below the intervening-reaction boundary and closed at 47.05, below the stored trigger price of 47.58. This is a signal rather than merely a setup. A close back inside the formation would weaken the breakout, while sustained closes below the boundary would provide stronger confirmation.
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Trend context
The prior trend required for a top reversal is supported by the advance from the May decline into the June-July high area. By the completion date, the symbol's minor, primary, and secondary screens are bearish. The benchmark is less fully aligned: its minor and secondary screens are in transition, and the broader confirmation state is not confirmed.
Formation context
The packet classifies the structure as a confirmed triple top with upper contacts on 2026-06-24, 2026-07-10, and 2026-09-14 and an intervening-reaction boundary at 47.58. The contacts are separated by meaningful reactions, but their heights are uneven, which reduces formation quality. A repeated upper area alone would remain only a warning; the required boundary break is what changes the formation to confirmed.
Volume confirmation
Volume supports the boundary break because the packet stores a breakout volume ratio of 1.49 and the completion bar's volume is elevated versus much of the recent range. Volume is supporting evidence, not a substitute for the completed price break. Follow-through on expanding or persistently firm volume would improve confidence; a prompt return into the formation on heavy volume would be contrary evidence.
Structural stop
The stored stop is 56.7, based on filtering beyond the formation boundary. The historical 5% example filter is only an allowance, not a universal rule; it must fit this issue's movement habit, liquidity, gap behavior, and normal volatility. No confirmed Basing Point is stored, so the stop is not anchored to one. A short position should not have its protective stop raised merely to preserve the trade if price invalidates the pattern.
Minimum objective
The stored minimum objective is 42.35, derived from the formation-depth method. It is a minimum implication, not a guaranteed target or automatic exit. Relative to the stored structural stop and rewardRisk of 0.49, the available minimum reward is not especially adequate for the risk required by the setup. Any decision to hold beyond the minimum objective would require continuing favorable price action and updated structural evidence.
Failure condition
The bearish formation is invalidated if price re-enters and sustains above the broken boundary, or if it reaches the stored protective stop at 56.7. A prompt failed break back into the prior range would be especially damaging to the short thesis.
Evidence to watch next
Stronger evidence would be a further completed-bar decline that remains below 47.58, preferably with continued downside volume, followed by lower highs and lower lows. Rejection back above the boundary, a sustained close inside the formation, or a rally toward the stored stop would weaken or reject the watchlist setup.
Validated levels
Boundary
$52.81
Close
$47.05
Minimum objective
$42.35
Filtered stop
$56.70
Objective / risk
0.49R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required context is present: price advanced from the May low area into the June-July top region before forming the proposed reversal structure.
• The packet identifies three upper contacts on 2026-06-24, 2026-07-10, and 2026-09-14, separated by intervening reactions.
• The exact completion rule is satisfied: a triple top completes only after price breaks below the intervening reaction low; the 2026-09-21 bar traded below and closed below the stored boundary low of 47.58.
• The breakout volume ratio is stored as 1.49, and the completion bar shows materially elevated volume relative to much of the immediately preceding action.
• The symbol and benchmark trend screens are bearish on the analysis date, although broader confirmation remains incomplete.
Contrary evidence
• The upper contacts are not especially uniform: the final listed contact is materially below the earlier top region, so the formation quality is mixed rather than strong.
• The market-context packet reports confirmationState as not_confirmed, limiting confidence in broader trend agreement.
• The stored rewardRisk is 0.49, indicating that the minimum objective does not offer attractive reward relative to the structural risk represented by the stored stop.
• The completion bar recovered from its low and closed only modestly below the trigger boundary, so additional downside follow-through would strengthen the signal.
PPL
PPL Corporation
rectangle · short
New trigger
signal
$33.05
$33.20
$37.05
$31.11
0.48R
objective / filtered risk
0.58x
bearish
Entry analysis
The completed 2026-09-21 bar closes below the rectangle’s stated 33.20 support boundary, satisfying the short-side price-completion rule. The bearish break is weakened by below-base volume and an unfavorable structural reward relative to the stored filtered stop, so this is a confirmed chart signal but a poor fresh-entry setup.
For a short rectangle, completion requires a completed daily close beyond the lower horizontal boundary, not merely an intraday penetration. The 2026-09-21 completed bar closed at 33.05 below 33.20, so the stored trigger is met. The signal remains vulnerable to failure because the break lacks strong volume and has not yet demonstrated sustained follow-through.
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Trend context
Price entered the named range after a preceding decline, which supports treating the rectangle as a possible bearish continuation rather than a reversal without prior-trend context. The supplied stock screens are bearish, but the broader market evidence is mixed: SPY is not uniformly bearish across trend degrees, breadth is near 50%, and formal market confirmation is not established.
Formation context
The formation is a horizontal rectangle bounded by the stored 33.20 support and 35.29 resistance. It has three stated lower contacts and three upper contacts across the formation window. The prior decline supplies the required directional context. The weaker 2026-08-31 lower contact makes the support zone less exact, but the later contacts near the stated boundary provide sufficient structural continuity for classification.
Volume confirmation
Volume contracted on the boundary break relative to the stored base-volume comparison, with a breakout-volume ratio of 0.58. Volume therefore supports neither strong urgency nor broad participation; additional downside follow-through on stronger volume would improve confidence.
Structural stop
The stored stop is 37.05, referenced to the 35.29 upper boundary and using the historical 5% filter beyond structural invalidation. A close back into the rectangle weakens the break, while sustained recovery through the upper boundary invalidates the short formation. The 5% filter is only a historical example; it must fit the issue’s normal movement habit and is not universal. No confirmed Basing Point is supplied.
Minimum objective
The stored minimum objective is 31.11, derived from projecting the stated rectangle height downward from the completed lower-boundary break. It is a minimum measured implication, not a guaranteed target or automatic exit. Relative to the stored 37.05 stop, the objective does not provide adequate reward for the structural risk of a fresh short entry.
Failure condition
A prompt return into the rectangle after the break would indicate a possible failed breakdown. Recovery above the 33.20 boundary would negate immediate downside follow-through; a move through the 35.29 resistance boundary would invalidate the bearish rectangle interpretation and the stored short thesis.
Evidence to watch next
The setup would strengthen through additional completed closes below 33.20, preferably with expanding volume, while avoiding a prompt return into the range. It would be rejected or downgraded if price closes back inside the rectangle, especially if the return is accompanied by stronger volume, or if price advances toward and through 35.29.
Validated levels
Boundary
$35.29
Close
$33.05
Minimum objective
$31.11
Filtered stop
$37.05
Objective / risk
0.48R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior movement into the 2026-08-21 rectangle was downward, providing the required context for a bearish continuation interpretation.
• The stated rectangle has repeated upper-boundary tests near 35.29 and lower-boundary tests near 33.20, with the later lower contacts on 2026-09-15 and 2026-09-18.
• The 2026-09-21 close is 33.05, below the 33.20 support boundary; the intraday low also extended below that level.
• The stored minimum objective is 31.11, based on the stated formation-height method.
• The stock trend screens are bearish across minor, primary, and secondary degrees.
Contrary evidence
• The 2026-09-21 breakout-volume ratio is 0.58, indicating no convincing expansion over the formation’s base volume.
• The benchmark confirmation state is not confirmed, and breadth is near balance rather than broadly bearish.
• The stored reward-risk value is 0.48, showing that the minimum objective offers limited reward relative to the structural stop distance.
• The 2026-08-31 lower contact is materially less exact than the later stated support contacts, reducing boundary precision.
CON
Concentra Group Holdings Parent
rising wedge · short
New trigger
signal
$34.77
$34.84
$37.27
$33.61
0.46R
objective / filtered risk
0.73x
bullish
Entry analysis
CON had a strong prior advance before forming a confirmed rising wedge, but the latest completed bar provides only a marginal close below the lower boundary. The short setup remains unconfirmed because the break lacks decisive separation, follow-through, and volume support; the minimum objective also does not offer adequate reward relative to the stored structural risk.
For a rising wedge, completion requires a decisive break through the lower boundary, not merely an intrabar penetration. The 2026-09-21 close below 34.84 is directionally consistent with completion, but the break is marginal and lacks follow-through. Therefore this is a setup rather than a signal. A further completed bar closing decisively below the lower boundary, preferably followed by continued weakness or a failed return test, would strengthen the short trigger.
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Trend context
The issue was in a strong bullish advance before the rising wedge began. Current trend screens remain primary bullish, secondary bullish, and minor transition. Broader market evidence is mixed: breadth is near balance, DIA remains primary bullish with secondary transition, IYT is primary transition with secondary bearish, and market confirmation is not confirmed. The short formation therefore represents a possible transition from the established advance, not an already dominant bearish trend.
Formation context
The named formation is a rising wedge: two converging boundaries that both rise, with the upper and lower boundaries narrowing as the advance progresses. The stored contacts are sufficiently numerous and coherent for a confirmed formation. The required prior bullish trend is present. The formation remains active because its minimum objective has not been completed and no failed-breakout condition is stored.
Volume confirmation
Volume does not confirm the break. The stored breakout-volume ratio is 0.73, below the formation's 1.10 base-volume ratio. The 2026-09-18 bar had unusually high volume, but the subsequent 2026-09-21 breakdown bar had much lower volume. Price remains the primary completion evidence, but the current volume profile lowers confidence.
Structural stop
The stored stop is 37.27, referenced to the upper formation boundary of 35.50 and filtered using the historical 5% example beyond the structural boundary. That filter is not universal: it must fit CON's movement habit, volatility, liquidity, and gap behavior. The stop is an invalidation area for the short setup; a sustained move back through the wedge's upper boundary, especially toward the stored stop, would reject the bearish interpretation. A gap could produce a fill worse than the stated stop.
Minimum objective
The stored minimum objective is 33.61, derived from the widest formation height projected downward from the completed lower-boundary break. It is a minimum potential projection, not a guaranteed target or automatic exit. From the stored current price of 34.77, the objective is relatively limited compared with the structural distance to the 37.27 stop, so the setup does not presently offer adequate reward relative to structural risk. Current price action and progressive protection should govern any later management rather than treating 33.61 as an automatic exit.
Failure condition
The short setup would be rejected by a prompt recovery and close back inside the wedge after the boundary break, especially a sustained move above the lower boundary followed by strength toward the upper boundary. A move through the stored 37.27 stop area is the defined structural failure condition.
Evidence to watch next
A stronger watchlist confirmation would be a subsequent completed bar that closes decisively below 34.84, followed by additional weakness or a failed return test of the broken lower boundary, with volume improving relative to the formation baseline. Rejection evidence would be a prompt close back inside the wedge, renewed closes above the lower boundary, or strength through the upper boundary.
Validated levels
Boundary
$35.50
Close
$34.77
Minimum objective
$33.61
Filtered stop
$37.27
Objective / risk
0.46R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend was bullish: price advanced substantially into the formation beginning 2026-08-07, while the primary trend screen remains bullish.
• The rising wedge has coherent converging rising boundaries and repeated lower- and upper-boundary contacts from 2026-08-07 through 2026-09-18.
• The 2026-09-21 close of 34.77 is below the stored lower boundary of 34.84, satisfying the directional side of the boundary-completion test.
• The formation supplied six stored lower contacts and seven stored upper contacts, providing meaningful structural definition.
• The stored minimum objective is 33.61 and has not been reached.
Contrary evidence
• The boundary penetration is marginal: the close is only slightly below 34.84 and remains within the stored boundary tolerance of 0.43.
• The 2026-09-21 bar does not provide follow-through beyond the initial break; later completed-bar evidence is required to confirm that the wedge has actually resolved bearishly.
• Breakout volume is weak at a stored 0.73 ratio, below the formation's base-volume reference, so volume does not reinforce the short entry.
• The primary trend remains bullish and the secondary trend is bullish, creating countertrend context for the proposed short.
• The stored reward-risk figure is 0.46: the minimum objective at 33.61 is materially closer than the structural stop at 37.27 from the current 34.77 level.
PNW
Pinnacle West Capital Corporati
rectangle · short
New trigger
signal
$93.31
$93.89
$104.54
$88.22
0.45R
objective / filtered risk
1.57x
transition
Entry analysis
PNW has a confirmed bearish rectangle breakdown and a completed short-side entry signal on the latest completed bar. The formation and volume support the signal, but the broader trend context is mixed and the stored minimum objective offers inadequate reward relative to the stated structural risk.
The warning phase was the developing range and possible downside pressure. The setup phase required the bearish rectangle, prior downtrend, and defined boundaries. The signal phase occurred when the completed 2026-09-21 bar closed below 93.89. The stored trigger price is 93.89, and the completed close at 93.31 is below that boundary.
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Trend context
The required prior bearish trend is present before the horizontal range. PNW's current minor and secondary screens are bearish, but its primary screen is transition. Broader participation is mixed, with the benchmark primary trend bullish and market confirmation not confirmed.
Formation context
This is a confirmed bearish rectangle: a horizontal range bounded by 93.89 support and 99.56 resistance, with the documented upper and lower contacts providing the required range context. The formation is treated as a continuation-type short setup because it follows a prior decline. The 2026-09-21 close below 93.89 completes the formation under the boundary rule. The formation is not failed because the latest completed bar remained below support.
Volume confirmation
The breakdown volume ratio of 1.57 is materially stronger than the stored base-volume ratio of 1.06, which supports the price completion. Volume confirms participation but does not replace the required close beyond the boundary.
Structural stop
The stored protective stop is 104.54, referenced to the 99.56 upper formation boundary with the historical 5% example filter. That filter is an allowance for normal movement, not a universal rule; it must fit the issue's movement habit, liquidity, and tendency to overshoot boundaries. No confirmed Basing Point is stored, so the stop is formation-boundary based rather than Basing-Point based.
Minimum objective
The stored minimum objective is 88.22, derived by applying the recorded rectangle height from the confirmed downside break. It remains active and has not been reached. It is a minimum measured implication, not a guaranteed destination or automatic exit; later price action should determine whether to hold, manage, or cover.
Failure condition
The bearish signal would be weakened by a prompt return into the rectangle after the breakdown, and structurally rejected by recovery through the upper boundary. The stored protective stop at 104.54 defines the stated risk threshold. A new bullish formation should not be assumed solely from a failed short breakout.
Evidence to watch next
Strengthening evidence would be additional completed bars holding below 93.89, continued downside follow-through, and volume that remains supportive without an immediate return into the range. Rejecting evidence would be a prompt close back inside the rectangle, especially a recovery toward or above 99.56, or a failed breakdown followed by a bullish reversal.
Validated levels
Boundary
$99.56
Close
$93.31
Minimum objective
$88.22
Filtered stop
$104.54
Objective / risk
0.45R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend was bearish, with the stored prior-trend change showing a decline before the rectangle formed.
• The rectangle has repeated upper-boundary contacts on 2026-08-21, 2026-08-26, and 2026-09-08, and lower-boundary contacts on 2026-09-15 and 2026-09-18.
• The 2026-09-21 completed bar closed at 93.31, below the 93.89 horizontal support boundary, satisfying the required bearish boundary-completion rule rather than relying only on an intrabar penetration.
• Breakout volume was recorded at 1.57 times base volume, stronger than the formation's 1.06 base-volume ratio.
• The stock's minor and secondary trend screens are bearish.
Contrary evidence
• The primary trend screen is in transition rather than bearish.
• The benchmark context is mixed: SPY is primary bullish and secondary transition, while formal market confirmation is not confirmed.
• The stored reward-risk value is 0.45, indicating that the minimum measured move is small relative to the structural stop distance.
• A prompt recovery back into the rectangle would weaken or invalidate the breakdown.
BCAT
BlackRock Capital Allocation Term Trust
triple top · short
New trigger
signal
$14.14
$14.15
$16.01
$13.34
0.43R
objective / filtered risk
1.70x
bullish
Entry analysis
The completed bars confirm the stored triple-top downside break, but the broader trend remains mixed and the minimum objective provides limited reward relative to the stored structural stop.
The exact downside completion rule requires a completed daily close below the intervening reaction boundary. The 2026-09-21 close at 14.14 is below the stored 14.15 boundary, so the setup has advanced from warning and setup to signal. The narrow margin favors monitoring for immediate boundary reclamation.
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Trend context
The prior trend was upward into the formation, which supplies the required context for a triple top. Current trend evidence is transitional: minor and secondary screens are bearish, but the primary screen and broader market confirmation remain bullish or unconfirmed.
Formation context
The formation is a confirmed triple top rather than merely a candidate because three separated upper contacts and an intervening reaction boundary are stored. The gap event on 2026-09-11 was treated as a warning first; subsequent completed bars near the boundary supplied the required confirmation.
Volume confirmation
Volume strongly expanded during the initial break and remained elevated during the following boundary-area decline. This supports participation in the move, although the final completed bar does not show the same decisive expansion as the initial break. Volume is therefore supportive but not conclusive.
Structural stop
The stored stop is 16.01, using the historical 5% example filter beyond the formation boundary/reference level. That percentage is not universal: it must fit the issue's movement habit and normal volatility. No confirmed Basing Point is stored. A completed close back above 14.15, especially with sustained recovery into the formation, would weaken or invalidate the short signal before the stored stop is reached.
Minimum objective
The stored minimum objective is 13.34, measured from the formation depth. It is a minimum measuring implication, not an automatic exit. The packet's stored reward-versus-structural-risk comparison is unfavorable, so the objective does not by itself justify the risk represented by the filtered stop. Any continuation should be managed by subsequent price action and progressive protection.
Failure condition
A completed-bar close back above 14.15 would reject the downside completion. Sustained recovery into the formation range would provide stronger failure evidence, while a move above the upper formation area would more decisively invalidate the triple top.
Evidence to watch next
The short signal would strengthen through additional completed closes below 14.15, preferably with renewed downside spread and volume, followed by progress toward 13.34 without reclaiming the boundary. It would be rejected by a completed close back above 14.15, particularly on expanding volume and sustained trade inside the former formation.
Validated levels
Boundary
$14.95
Close
$14.14
Minimum objective
$13.34
Filtered stop
$16.01
Objective / risk
0.43R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The issue advanced into the formation, establishing the required prior uptrend for a triple-top reversal.
• Three upper contacts are recorded near the same resistance area on 2026-05-14, 2026-06-01, and 2026-06-15.
• The intervening reaction boundary is 14.15, and the completed 2026-09-21 bar closed at 14.14, satisfying the required downside completion rule.
• The packet reports elevated breakout participation, with a breakout volume ratio of 1.7.
• The minor and secondary trend screens are bearish.
Contrary evidence
• The primary trend screen remains bullish, and broader confirmation is not confirmed.
• The downside break is narrow relative to the 14.15 boundary, leaving the move vulnerable to a prompt reclaim.
• The stored minimum objective is 13.34, while the stored filtered stop is 16.01; the remaining structural reward is unfavorable relative to the stop distance.
• The 2026-09-11 gap-like decline was initially only a warning and required later completed-bar confirmation.
PTRN
Pattern Group Inc. - Series A
falling wedge · long
New trigger
signal
$20.24
$19.75
$18.15
$21.12
0.42R
objective / filtered risk
1.20x
bullish
Entry analysis
The falling-wedge reversal has completed an upside boundary break on a completed bar, producing a bullish signal. However, the minimum objective is modest relative to the stored structural risk, and broader confirmation remains incomplete.
The exact completion event is a completed daily bar closing above the stated upper boundary of 19.75. The 2026-09-21 close at 20.24 satisfies that boundary-completion rule. The setup therefore advances from warning/setup status to signal status, subject to follow-through and failure monitoring.
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Trend context
PTRN advanced substantially into July, then experienced a pronounced decline before the falling-wedge structure began. That prior decline is appropriate context for a reversal interpretation. The primary benchmark context is bullish, but minor and secondary conditions are transitional or bearish, with no broader confirmation.
Formation context
The formation is a confirmed falling wedge with converging boundaries, 30 sessions of duration, and multiple contacts on both boundaries. The contact pattern is sufficient for a structured candidate formation, and the prior decline supplies the required context. The formation is classified as a bullish reversal watch rather than an unconditional trend continuation.
Volume confirmation
Volume on the boundary-break session was recorded at 1.2 times the base reference, providing supportive—though not decisive—confirmation. Volume supports the price break but cannot replace the completed boundary break or prove that the move will persist.
Structural stop
The stored stop is 18.15, derived from the formation boundary reference of 19.11 with the historical 5% example filter. That filter is an allowance for normal movement, not a universal rule; it must fit PTRN's movement habit and volatility. No confirmed Basing Point is stored, so the formation-boundary stop remains the relevant structural reference.
Minimum objective
The stored minimum objective is 21.12, based on the widest formation height, and it has not been reached. It does not provide adequate reward relative to the stored structural risk, so the signal is technically valid but not especially attractive on the supplied risk/reward evidence. The minimum objective is a measurement of potential, not an automatic exit; stronger price action could justify continued management with updated evidence and progressive stops.
Failure condition
A prompt completed-bar return inside the wedge would undermine the breakout signal, particularly a close back below the 19.75 upper boundary. A move to or through the stored stop at 18.15 would invalidate the long formation trade. The minimum objective being unreached is not itself a failure.
Evidence to watch next
Stronger evidence would be consecutive completed bars holding above 19.75, continued progress toward 21.12, and sustained or renewed volume support without a return into the wedge. Rejection back below the upper boundary, especially on expanding volume, would weaken or reject the setup. Broader confirmation would also improve if the transitional and bearish market screens turned supportive.
Validated levels
Boundary
$19.75
Close
$20.24
Minimum objective
$21.12
Filtered stop
$18.15
Objective / risk
0.42R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend into the formation was a marked decline from the July advance, providing the required bearish context for a potential falling-wedge reversal.
• The formation has repeated lower-boundary contacts on 2026-09-01, 2026-09-04, 2026-09-14, and 2026-09-17, with repeated upper-boundary contacts from 2026-08-07 through 2026-09-17.
• The 2026-09-21 completed bar closed at 20.24, above the stated upper boundary and trigger level of 19.75, completing the upside break.
• Breakout volume was 1.2 times the stated base-volume reference, stronger than the formation's 1.05 base-volume ratio.
• The stored minimum objective is 21.12 and has not been reached.
Contrary evidence
• The broader confirmation state is not confirmed: the secondary market screen is bearish, the minor screen is transitional, and breadth is 49.89% bullish.
• The stored reward-risk value is 0.42, indicating that the minimum objective does not offer adequate reward relative to the stated structural risk.
• A single completed breakout bar does not yet establish sustained follow-through beyond the formation boundary.
• The breakout occurred after a volatile decline, so a prompt return into the formation would weaken the signal.
BILL
BILL Holdings, Inc.
descending triangle · short
New trigger
signal
$47.06
$47.46
$51.46
$45.25
0.41R
objective / filtered risk
0.62x
bullish
Entry analysis
BILL has a completed bearish descending-triangle boundary break on the latest completed bar, but the minimum objective offers inadequate reward relative to the stored structural risk. The pattern is therefore a confirmed bearish signal, not an attractive fresh-entry opportunity at the supplied levels.
The completed-bar rule is met: the latest completed bar closed at 47.06 after trading below the 47.46 lower boundary. This converts the pattern from a watchlist setup into a price signal. It does not override the separate reward-versus-risk gate, which is unfavorable for a fresh position at the stored levels.
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Trend context
The issue entered the named formation after a prior advance, so a bearish resolution would represent a reversal or meaningful secondary decline rather than continuation of an established primary downtrend. The stock's minor screen is bearish, while its primary and secondary screens are bullish. The benchmark remains primarily bullish, so the short signal is not supported by aligned higher-degree market context.
Formation context
The descending triangle is supported by the supplied repeated lower-boundary contacts and falling upper-boundary contacts between 2026-08-07 and 2026-09-18. The horizontal/lower boundary is stored at 47.46 and the upper boundary at 49.01. The formation is confirmed because the completed 2026-09-21 bar broke through the lower boundary; prior intrabar penetration alone would have remained only a warning. The structure is not invalidated merely because the volume confirmation is weak, but confidence is reduced.
Volume confirmation
Volume contracted within the formation, which is compatible with triangular compression. However, the downside-break volume ratio is stored at 0.62, below the formation baseline ratio of 0.70. Price completion is present, but participation is mixed rather than strong. Follow-through on expanding volume would strengthen the signal; a low-volume recovery back into the pattern would weaken it.
Structural stop
The stored short stop is 51.46, referenced to the formation's upper boundary at 49.01 and using the historical 5% example filter beyond that boundary. That filter is not universal: it must fit BILL's own movement habit, volatility, liquidity, price increments, and gap behavior. A stop can execute worse than its stated level after a gap. A sustained recovery through the formation, especially through the upper boundary, would challenge the bearish interpretation; the stored stop is the defined protection level.
Minimum objective
The stored minimum objective is 45.25, derived from the widest formation height projected from the confirmed downside break. It is active and has not been reached. The objective is a minimum measuring implication, not a guaranteed target or automatic exit; continued weakness, reversal evidence, and progressive protection should determine management. At the supplied trigger and stop levels, the objective does not offer adequate reward relative to the structural risk, so the fresh-entry setup fails the reward-versus-risk gate.
Failure condition
The bearish setup is weakened by a prompt completed-bar recovery back above the broken lower boundary, particularly if price is accepted inside the triangle. A sustained move toward or through the upper boundary, or a hit of the stored 51.46 stop, invalidates the short structure. The formation has no stored failed-breakout date, so failure is not yet established.
Evidence to watch next
Stronger confirmation would be additional completed bars holding below 47.46, preferably with expanding downside volume, followed by progress toward 45.25 without reclaiming the formation. Rejection would be shown by a prompt close back inside the triangle, especially a recovery above 47.46 on improving volume, or a move through the upper boundary. For a fresh watchlist decision, the next evidence should also improve the reward relative to structural risk rather than merely confirm direction.
Validated levels
Boundary
$49.01
Close
$47.06
Minimum objective
$45.25
Filtered stop
$51.46
Objective / risk
0.41R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend was upward into the formation, with price advancing from the upper 30s in the supplied spring data to the upper 40s by early August; this provides the required preceding trend context for a potential reversal formation.
• The formation contains repeated lower-side contacts from 2026-08-07 through 2026-09-17 and repeated upper-side contacts from 2026-08-11 through 2026-09-16, consistent with converging boundaries and progressively lower highs.
• The 2026-09-21 completed bar traded below the stored lower boundary of 47.46 and closed at 47.06, satisfying the boundary-completion rule for a decisive downside break rather than merely an intrabar warning.
• The stored minimum objective is 45.25 and remains incomplete.
• The benchmark packet shows a bullish primary trend but bearish minor and bullish secondary stock screens; this does not provide broad confirmation for the short thesis.
Contrary evidence
• Breakout volume is stored at 0.62 of the formation baseline, while formation base volume is stored at 0.70; the breakdown therefore lacks strong participation confirmation.
• The minimum objective is only 2.21 below the stored trigger price, while the stored stop is 4.00 above it, making the reward inadequate relative to structural risk without relying on a fixed multiple.
• The latest benchmark context is not formally confirmed bearish: breadth is near 50%, SPY remains primary bullish, and the packet's market confirmation state is not confirmed.
• The latest completed bar closed only modestly below the lower boundary and should be monitored for prompt recovery into the formation.
AWK
American Water Works Company, I
rectangle · short
New trigger
signal
$133.97
$135.04
$149.49
$127.71
0.40R
objective / filtered risk
0.69x
bullish
Entry analysis
The completed bars show a confirmed bearish rectangle breakdown. The prior advance supplied the required context, price closed below the lower boundary, and the stored minimum objective is active; however, weak breakdown volume, bullish higher-degree trend screens, unconfirmed market context, and inadequate reward relative to the stored structural risk weaken the fresh short setup.
The short trigger is the completed 2026-09-21 bar closing below the lower horizontal boundary at 135.04. A decisive completed-bar close beyond the boundary completes the rectangle; an intraday penetration alone would not. The stored trigger is therefore price-confirmed, but additional closes below former support would strengthen the evidence and help distinguish a genuine breakdown from a failed break.
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Trend context
The required prior trend was an advance into the range, supporting a possible bearish reversal or continuation resolution. At the review point, the minor trend is bearish while the primary and secondary screens are bullish. The broader context therefore supports a short-term bearish signal but not a fully aligned multi-degree downtrend.
Formation context
This is a confirmed rectangle, not merely a range candidate: price oscillated between horizontal support at 135.04 and resistance at 142.37 with multiple contacts across 20 sessions. The formation began after an advance, which makes the downside escape potentially corrective or trend-changing rather than automatically the start of a primary bear trend.
Volume confirmation
Volume during the breakdown was 0.69 of base volume, so participation did not expand with the price break. That does not erase a completed downside boundary break, but it makes the signal less forceful. Follow-through lower on stronger volume, or a failed retest of 135.04 from below, would provide better confirmation.
Structural stop
The stored stop is 149.49, based on a 5% historical filter beyond the formation's 142.37 upper boundary. That filter is an example, not a universal rule; it must fit the issue's normal movement habit, volatility, liquidity, and gap behavior. The stop should remain tied to structural invalidation, and a gap can produce execution materially worse than the stop price.
Minimum objective
The stored minimum objective is 127.71, derived from the 7.33 formation height projected downward from the completed downside break. It is a minimum measured implication, not a guaranteed destination or automatic exit. The objective remains incomplete, but the stored risk/reward assessment of 0.4 indicates that the potential move to the minimum objective is small relative to the structural stop distance and does not adequately support a fresh short setup.
Failure condition
The bearish formation is weakened or invalidated by a prompt return into the rectangle, especially a completed close back above 135.04. A move back through the upper boundary at 142.37 would more decisively negate the downside resolution. Failure to achieve downside follow-through would also reduce confidence even if the formal boundary break remains recorded.
Evidence to watch next
Strengthening evidence would be additional completed closes below 135.04, preferably with expanding downside volume, or a weak retest of that level that turns lower. Rejecting evidence would be a prompt close back inside the 135.04–142.37 range, particularly a close above support on improving volume, followed by recovery toward resistance.
Validated levels
Boundary
$142.37
Close
$133.97
Minimum objective
$127.71
Filtered stop
$149.49
Objective / risk
0.40R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The stock advanced into the formation, rising from the low-120s area in late May to 138.71 by 2026-08-19, establishing the required prior uptrend context for a potentially bearish rectangle resolution.
• The rectangle has repeated lower-boundary contacts on 2026-08-21, 2026-08-27, 2026-09-02, and 2026-09-17, plus upper-boundary contacts on 2026-09-02, 2026-09-08, and 2026-09-11.
• The stored horizontal boundaries are 135.04 support and 142.37 resistance.
• The 2026-09-21 completed bar closed at 133.97, below the 135.04 lower boundary, satisfying the required boundary-completion rule for the short rectangle signal.
• The stored formation-height objective is 127.71 and has not been reached.
• The minor trend screen is bearish, consistent with the downside break.
Contrary evidence
• Breakdown volume is stored at 0.69 of base volume, below the formation baseline, so volume provides limited confirmation.
• Market confirmation is explicitly not confirmed; breadth is near balance at 49.89% bullish.
• The stored reward/risk value is 0.4, indicating that the minimum objective offers inadequate reward relative to the stored stop risk for a fresh short entry.
• The 2026-09-21 bar recovered from its intraday low of 133.73 to close at 133.97, so continued closes below support would improve confidence in the break.
QCOM
QUALCOMM Incorporated
head shoulders bottom · long
New trigger
signal
$194.23
$178.95
$161.98
$202.51
0.26R
objective / filtered risk
1.53x
bullish
Entry analysis
QCOM shows a confirmed bullish reversal with an upward neckline break on completed-bar evidence. The breakout has supporting volume and favorable broader trend screens, but the formation’s structural contacts are incomplete in the packet and the stored minimum objective offers limited reward relative to the stored structural risk for a fresh entry.
The exact boundary-completion rule is an upward neckline break, not merely the existence of three troughs or a rally toward resistance. The completed 2026-09-21 bar closed above the stored neckline trigger at 178.95, so the price-completion requirement is met. A prompt return inside the formation would weaken or invalidate that completion.
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Trend context
The prior trend was bearish, which is required context for a bottom reversal. The completed-bar trend screens have since shifted to bullish across minor, primary, and secondary degrees, but related-market confirmation remains incomplete; therefore the broader environment supports a transition toward bullish conditions rather than an unqualified market-wide confirmation.
Formation context
The named formation is a head-and-shoulders bottom. Its three lower contacts are recorded on 2026-07-02, 2026-08-24, and 2026-09-14, with the central decline forming the deepest trough and the later trough forming the higher right-side low. The absence of recorded upper contacts makes the neckline evidence less robust, but the stored formation is classified as confirmed.
Volume confirmation
Volume corroborates the upside completion: breakout volume is stored at 1.53 times the base comparison, exceeding the recorded 1.31 base-volume ratio. This supports increased demand, although volume does not replace the required price break or guarantee continuation.
Structural stop
The stored protective stop is 161.98, based on the formation-boundary reference of 170.51 filtered by the historical 5% example. That filter is not universal: it must fit QCOM’s movement habit, volatility, liquidity, and gap behavior. A confirmed Basing Point is not stored, so the stop is not based on one. The structural failure condition is a decisive return below the completed neckline or renewed weakness through the formation’s support; the stored stop is the separate protective-risk level.
Minimum objective
The stored minimum objective is 202.51, derived by projecting the recorded head-to-neckline measurement from the completed breakout. It has not been marked complete. The stored reward-risk value of 0.26 indicates inadequate reward relative to structural risk for a fresh entry at the reviewed price, without relying on a fixed risk multiple. The objective is a minimum implication, not an automatic exit; continued strength, resistance, and progressive protection should govern any live position.
Failure condition
A prompt close back below the neckline after the breakout would question completion. A decisive move through the formation’s structural support, especially toward or below the stored stop at 161.98, would invalidate the long setup. Failure would also be indicated by upside follow-through failing and price re-entering the prior range.
Evidence to watch next
Strengthening evidence would be completed bars holding above 178.95, continued higher highs and higher lows, constructive volume on advances, and progress toward 202.51 without a decisive neckline retest failure. Rejecting evidence would be a close back below the neckline, weak or heavy-volume selling after the breakout, deterioration in the bullish trend screens, or a break through the stored structural stop.
Validated levels
Boundary
$178.95
Close
$194.23
Minimum objective
$202.51
Filtered stop
$161.98
Objective / risk
0.26R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior context is present: the packet records a 9.56% prior decline before the reversal formation.
• The formation records three lower contacts on 2026-07-02, 2026-08-24, and 2026-09-14, consistent with a left-side low, deeper central low, and right-side higher low.
• The exact completion event for a head-and-shoulders bottom is an upward break of the neckline. The packet records a boundary break on 2026-09-21, with the close at 194.23 above the stored trigger level of 178.95.
• Breakout volume is recorded at 1.53 times the base volume, while base volume is recorded at 1.31 times its comparison level.
• The stock’s minor, primary, and secondary trend screens are all bullish.
Contrary evidence
• The packet records no upper contact dates, so the neckline structure is less fully documented than the lower-contact structure.
• The broader market confirmation state is not confirmed; DIA remains secondary-transition and IYT is primary-transition/secondary-bearish.
• The stored reward-risk value is 0.26, indicating that the minimum objective is modest relative to the stored structural risk for a new position at the reviewed price.
• The 2026-09-18 bar shows unusually wide and heavy activity before the breakout, so follow-through rather than the breakout bar alone is important.
QXO
QXO, Inc.
falling wedge · long
New trigger
signal
$12.20
$11.68
$10.76
$12.43
0.16R
objective / filtered risk
1.44x
bearish
Entry analysis
A confirmed upside completion of the falling wedge produces a long signal, but the broader trend context is bearish and the stored minimum objective offers limited potential relative to the structural stop distance. This is a technically valid signal with weak overall reward and significant context risk.
The exact completion event is a completed-bar close above the upper boundary, not an intrabar penetration. The September 21 close of 12.20 exceeded the stored trigger and upper boundary of 11.68, so the state is a signal rather than merely a setup or warning. A prompt return inside the wedge would weaken or invalidate that signal.
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Trend context
The required prior trend for a bullish falling-wedge reversal is present: price declined materially before and during the formation. However, the current issue trend screens remain bearish, so the breakout is counter to the prevailing screened trend. The benchmark and market-breadth evidence do not provide full confirmation.
Formation context
The falling wedge is supported by converging upper and lower boundaries with five lower contacts and five upper contacts between August 7 and September 18. The formation is classified as confirmed because the completed September 21 bar closed above the upper converging boundary. No broadening-formation, gap, or key-reversal warning is identified in the supplied formation evidence.
Volume confirmation
The breakout volume ratio of 1.44 supports the upside completion and is stronger than the recorded base ratio of 1.04. Volume therefore confirms participation, but it cannot overcome the bearish trend screens or substitute for subsequent price follow-through.
Structural stop
The stored stop is 10.76, referenced to the lower formation boundary at 11.33 and using the historical 5% example filter beyond the formation boundary. That filter is not universal: it must fit the issue's movement habit, volatility, liquidity, price increments, and gap behavior. The stop should not be widened simply to avoid an invalidation.
Minimum objective
The stored minimum objective is 12.43, derived from the widest formation height and projected from the breakout. It is a minimum measured implication, not a guaranteed target or automatic exit. Because the remaining objective is small relative to the stored structural risk, the reward-versus-risk profile is inadequate for aggressive commitment without stronger follow-through or improved structure.
Failure condition
A decisive return below the formation's lower boundary at 11.33 would reject the wedge breakout. The stored protective stop is 10.76; a move through that level would represent failure of the protected trade plan. A prompt close back inside the wedge would also downgrade the breakout from signal status for reassessment.
Evidence to watch next
Stronger evidence would be sustained closes above 11.68, continued progress toward and beyond 12.43, and orderly higher lows with supportive volume. Rejection would be shown by a prompt close back inside the wedge, a decisive break below 11.33, or renewed heavy-volume weakness while the broader trend screens remain bearish.
Validated levels
Boundary
$11.68
Close
$12.20
Minimum objective
$12.43
Filtered stop
$10.76
Objective / risk
0.16R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend into the formation was bearish, falling from the August 7 close of 16.16 to the August 18 close of 13.50 and subsequently reaching 11.38 on September 18.
• The falling wedge contains the required converging boundaries and has five recorded lower contacts and five upper contacts.
• The September 21 completed bar closed at 12.20 above the stated upper boundary and trigger level of 11.68, completing the long-side boundary break.
• Breakout volume is reported at 1.44 times the base volume ratio, providing meaningful participation on the upside break.
• The formation is recorded as confirmed, with no failed-breakout event recorded.
Contrary evidence
• The symbol's minor, primary, and secondary trend screens are all bearish at the analysis date.
• The broader market confirmation state is not confirmed; breadth is near balance and the related-average context is mixed.
• The minimum objective is stored at 12.43 while the current completed-bar price is 12.20, leaving limited remaining measured potential relative to the stored structural risk.
• The formation's base volume ratio of 1.04 does not establish a strong volume-contraction signature inside the pattern.
• The September 21 breakout has not yet demonstrated follow-through beyond the initial completed bar.
LION
Lionsgate Studios Corp
falling wedge · long
New trigger
signal
$11.48
$10.99
$10.20
$11.56
0.06R
objective / filtered risk
1.83x
bullish
Entry analysis
LION completed a bullish falling-wedge boundary break on a completed daily bar, with supporting volume expansion. The minimum objective is recorded as reached, so the pattern supports a bullish completed signal but offers inadequate reward for a fresh entry at the supplied current price relative to the stored structural stop.
The exact completion rule is a completed daily close beyond the formation boundary. The 2026-09-21 close at 11.48 exceeded the 10.99 upper boundary and trigger, converting the prior watch into a completed upside signal. The earlier intraday contacts alone would have been warnings rather than completion evidence.
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Trend context
The stock entered the formation after a substantial bearish secondary movement, so the falling wedge is being treated as a bullish reversal attempt rather than a continuation pattern. The current trend screens are bullish on the minor and primary degrees but bearish on the secondary degree. The benchmark is broadly bullish on the primary degree, yet market confirmation remains incomplete; therefore the directional result is bullish with a transition in surrounding confirmation.
Formation context
The falling wedge is structurally credible: price formed converging declining boundaries, contacted the lower boundary repeatedly on the recorded dates, and contacted the upper boundary repeatedly on the recorded dates. The prior decline supplies the required context. The formation is classified as objective complete because the upside boundary was completed and the stored minimum objective was reached.
Volume confirmation
Activity generally contracted during the formation relative to the earlier decline, while the breakout bar carries the stored 1.83 volume ratio. That expansion supports the price completion, although volume confirms participation rather than guaranteeing continuation.
Structural stop
The stored long stop is 10.20, referenced to the 10.74 formation boundary and filtered using the historical 5% example. That filter is not universal: it must fit LION's price movement, volatility, liquidity, and gap behavior. The packet records no confirmed Basing Point, so the stop is not based on a confirmed Basing Point. A return through the formation boundary followed by movement toward the stored stop would undermine the long thesis.
Minimum objective
The stored minimum objective is 11.56, derived from the widest formation height and projected from the completed breakout. The packet records the objective as reached on 2026-09-21. It is a minimum potential measure, not an automatic exit; subsequent management should depend on price behavior, continuation volume, and any valid higher Basing Point or progressive stop.
Failure condition
The bullish completion would be rejected by a failed breakout that returns decisively into the wedge and cannot hold above the 10.99 boundary, especially if price continues toward or through the stored 10.20 stop. The packet records no failed-breakout date, so failure is not currently established.
Evidence to watch next
Stronger confirmation would be sustained closes above the broken 10.99 boundary, continued upside follow-through, and constructive volume without a rapid return into the wedge. Rejection evidence would be a close back inside the formation, weakening volume on failed follow-through, or a move through the stored stop. Because the minimum objective has already been reached, fresh-entry evidence would need to improve the reward relative to structural risk rather than rely on the completed objective.
Validated levels
Boundary
$10.99
Close
$11.48
Minimum objective
$11.56
Filtered stop
$10.20
Objective / risk
0.06R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The prior trend was a pronounced decline from the June advance high into the August–September lows, providing the required declining context for a bullish falling-wedge reversal.
• The formation has numerous recorded lower-boundary and upper-boundary contacts from 2026-08-11 through 2026-09-18, with converging boundaries and a 30-session duration.
• The 2026-09-21 completed bar closed at 11.48, above the stored upper boundary and trigger of 10.99. This satisfies the completion rule because the boundary was exceeded by the daily close, not merely penetrated intraday.
• Breakout volume is recorded at 1.83 times the base ratio, supporting the upside completion.
• The stored objective is 11.56, and the packet records it as reached on 2026-09-21.
Contrary evidence
• The broader market context is not fully confirmed: SPY is primary bullish but minor transition, breadth is near balance at 49.89%, and the supplied market confirmation state is not confirmed.
• LION's secondary trend screen remains bearish despite bullish minor and primary screens, leaving a mixed trend-degree picture.
• The minimum objective is already complete, leaving only 0.06 of stored reward-risk at the supplied current price; this is not adequate compensation for the stored structural risk of a fresh entry.
• No confirmed Basing Point is recorded for a progressive-stop reference.
Active setups
These formations triggered on an earlier session and remain above structural invalidation.
CTVA
Corteva, Inc.
head shoulders bottom · long
Active
signal
Price
$79.11
Trigger
$85.45
Stop
$77.10
Objective
$96.12
Objective / risk
8.46R
Volume
0.66x
bullish primary screen
Entry analysis
The completed bars show a confirmed upside neckline break for a potential head-and-shoulders bottom, but the breakout has not produced durable follow-through. Price has returned below the neckline while remaining above the stored structural stop, so the long signal is active but materially weakened.
For this formation, completion requires an upward break of the neckline, not merely a rally within the base. The September 1 completed close above the stored 85.45 neckline satisfied that boundary-completion rule, so this is a signal rather than only a warning or setup. The later return below the neckline weakens the signal and requires renewed evidence; it does not by itself change the recorded formation to failed while the stored structural invalidation remains intact.
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Trend context
The issue first declined from the low-80s into the mid-70s, establishing the required prior downtrend. The primary trend screen is bullish, but secondary and minor screens are bearish, indicating a countertrend or transitional environment rather than uniformly aligned strength. The benchmark's confirmation state is not confirmed.
Formation context
The supplied structure is a head-and-shoulders bottom candidate that the packet classifies as confirmed. Its lower-contact fields identify May 21, August 12, and August 27, while the packet supplies no upper-contact dates. The shape therefore has the required reversal context and a recorded neckline, but the contact record is incomplete for a strong independent geometry judgment.
Volume confirmation
Volume supported the initial completion: the stored breakout volume ratio is 1.3 and the September 1 bar expanded participation. However, the subsequent retreat included relatively heavy volume, while the latest decline occurred on lower volume. This is mixed evidence: demand appeared at the break, but follow-through has not convincingly overwhelmed supply.
Structural stop
The stored stop is 77.10, derived from the formation boundary with the historical 5% example filter. That filter is not universal; it must fit the issue's normal movement habit, volatility, liquidity, and gap behavior. No confirmed Basing Point is stored, so there is no separate progressive-stop anchor. The latest close remains above the stored stop, but the move back below the neckline is an adverse warning and does not justify widening protection.
Minimum objective
The stored minimum objective is 96.12, measured from the formation depth after the confirmed breakout. Relative to the stored structural risk, the packet indicates attractive potential, but overhead supply and the failed follow-through reduce confidence that the objective will be reached. The minimum objective is a measuring guide, not an automatic exit; later price action and progressive protection should govern management.
Failure condition
A decisive move through the stored stop at 77.10 would invalidate the long structure under the stored boundary-filter method. Continued rejection below the neckline, especially if followed by a break of the right-side base support, would further reject the breakout and could convert the confirmed formation into a failed reversal.
Evidence to watch next
Stronger evidence would be a completed close back above 85.45 followed by sustained trade above the neckline, preferably with renewed expansion in volume and improving secondary/minor trend behavior. Rejection would be strengthened by continued closes below the neckline, expanding downside volume, or a decisive break through 77.10.
Validated levels
Boundary
$85.45
Close
$79.11
Minimum objective
$96.12
Filtered stop
$77.10
Objective / risk
8.46R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The issue shows a prior decline into the formation, satisfying the required downtrend context for a bottom reversal.
• The supplied formation identifies three lower contacts and a neckline boundary, with the formation marked confirmed.
• The September 1 close completed the upside break above the stored trigger at 85.45.
• Breakout volume was recorded at 1.3 times the base volume, providing supporting demand evidence.
• The stored minimum objective is 96.12, materially above the trigger, while the stored stop is 77.10.
Contrary evidence
• The formation packet lists no upper contact dates, making the neckline geometry less independently verifiable from the stored formation fields.
• The breakout was not sustained: subsequent completed bars fell back below the neckline, and the latest close is 79.11.
• The secondary and minor trend screens are bearish, despite a bullish primary trend screen.
• High volume accompanied parts of the decline after the breakout, which is unfavorable follow-through behavior.
• The benchmark context is not confirmed, with breadth near balance rather than showing broad bullish confirmation.
RBLX
Roblox Corporation
head shoulders top · short
Active
signal
Price
$51.25
Trigger
$46.27
Stop
$53.60
Objective
$35.07
Objective / risk
6.89R
Volume
1.20x
bearish primary screen
Entry analysis
The supplied bars show a completed downside boundary break and subsequent minimum-objective attainment, but the later recovery above the neckline removes a valid fresh short trigger. The historical formation remains relevant context; it is not currently a confirmed short setup.
The valid historical entry trigger was the completed July 31 close below the neckline. A gap event alone is only a warning, but later closes below the boundary confirmed the break. At the current review point, price has reclaimed the neckline; therefore the prior trigger is no longer a current short entry and the watchlist state is warning, not signal. A new short would require fresh bearish evidence after the reclaim, not reliance on the old break.
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Trend context
The formation required a preceding advance, and the completed bars support that context before the topping sequence. The primary and secondary trend screens are bearish at the review point, but the minor screen is bullish and the broader confirmation state is not confirmed. This creates a mixed trend backdrop rather than a clean, synchronized short condition.
Formation context
The structure is consistent with a head-and-shoulders top: an advance preceded the pattern, the packet lists three upper contacts, and the neckline is the decision boundary. The formation completed on the first completed close below 46.27, which occurred on July 31. The subsequent move reached the stored minimum objective, so the formation is marked objective-complete rather than an unconfirmed candidate. The later neckline reclaim is adverse to any new short interpretation.
Volume confirmation
Volume strongly corroborated the historical breakdown: the packet reports a breakout volume ratio of 7.96 relative to base volume. The base-volume ratio of 0.79 also indicates the formation developed on comparatively lighter activity than the breakdown. This supports the completed historical break, but it cannot override the later price reclaim or create a current entry by itself.
Structural stop
The stored protective stop is 53.60, based on a 5% filter beyond the 51.05 formation reference. That historical filter is an example allowance, not a universal percentage: it must fit the issue’s normal movement habit and volatility. The supplied current close has not exceeded the stored stop, but the neckline reclaim already makes the old short thesis unsuitable for a fresh entry. Any live position would still require its defined protective stop and current price evidence; stops should not be widened.
Minimum objective
The stored minimum objective is 35.07, and the packet records that it was reached on July 31. The supplied stored reward-versus-structural-risk relationship is favorable on the original levels, but the objective is a minimum implication, not a guaranteed target or automatic exit. Once price reached it and later reclaimed the neckline, the original short opportunity had materially changed; the minimum objective should not be used alone to justify a new position or dictate an exit without current evidence.
Failure condition
For the original short formation, sustained price action back above the neckline is the principal structural failure condition for a fresh bearish interpretation. The September 14 reclaim and subsequent closes above 46.27 satisfy that rejection of the old short watch, even though the stored 53.60 protective stop has not been exceeded.
Evidence to watch next
A stronger bearish watch would require price to fail below the reclaimed neckline, establish a new lower high, and then produce a fresh decisive close below relevant support with supportive volume. Continued closes above the neckline, especially a move through the stored stop reference, would further reject the old formation and favor transition or bullish continuation instead.
Validated levels
Boundary
$57.48
Close
$51.25
Minimum objective
$35.07
Filtered stop
$53.60
Objective / risk
6.89R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior advance is present: price rose from the May trading range into the June 18 high before the topping structure developed.
• The packet identifies three upper formation contacts on June 24, July 16, and July 29, with a higher central peak and a later lower rally consistent with the named formation.
• The neckline boundary is listed at 46.27, and the July 31 close at 35.60 completed the required downside boundary break.
• The July 31 downside gap was followed by continued closes below the neckline through September 11, providing later confirmation rather than treating the gap alone as sufficient evidence.
• Breakout volume is listed at 7.96 times base volume, strongly supporting the historical downside break.
• The stored minimum objective of 35.07 was reached on July 31.
Contrary evidence
• The September 14 close at 51.29 reclaimed the 46.27 neckline, and subsequent completed bars remained above it through September 21.
• The current close of 51.25 is above the neckline, so there is no active downside entry trigger at the review point.
• The broader market context is not confirmed: breadth is near balance, the benchmark is in transition on its minor screen, and the packet reports a not-confirmed market state.
• The formation metadata provides no lower-contact dates, limiting independent verification of the neckline construction from the supplied packet alone.
• The large July 31 gap was initially a warning event; only the later closes below the neckline supplied confirmation.
NTAP
NetApp, Inc.
head shoulders top · short
Active
signal
Price
$198.15
Trigger
$186.86
Stop
$204.80
Objective
$164.66
Objective / risk
5.04R
Volume
0.73x
bullish primary screen
Entry analysis
The completed bars support a bearish head-and-shoulders top that completed on the neckline break, but its stored minimum objective was already reached. Subsequent recovery above the neckline means this is no longer a fresh short signal; current evidence is a warning/transition state rather than a new entry.
The historical short trigger was valid at the recorded neckline break because the Aug. 31 completed close was below 186.86. That was a signal at the time, distinct from the earlier warning and setup states. It is not a current fresh signal because the minimum objective has already been reached and later completed bars recovered above the neckline.
Show full analysisHide full analysis
Trend context
The issue had a clear prior advance into the formation, satisfying the required reversal context. After the neckline break and objective completion, the later recovery has shifted the current condition from confirmed bearish continuation toward transition. The supplied market screens also remain broadly bullish, so they do not provide confirming bearish context.
Formation context
The named formation is a head-and-shoulders top: a prior advance, a higher central peak, and lower right-side failure are recorded. The packet lists upper contacts on Aug. 4, Aug. 13, and Aug. 26, with a neckline boundary at 186.86. The formation completed when a completed daily close moved below that neckline on Aug. 31; an intraday penetration alone would not have been sufficient.
Volume confirmation
Volume behavior is directionally supportive: the stored 0.5 base-volume ratio indicates quieter activity during formation, while the 1.25 breakout-volume ratio indicates expansion at the downside break. Volume supports the price completion but does not replace it. The large Sep. 3 gap and volume expansion require caution because gap events are warnings until subsequent action confirms their meaning.
Structural stop
The stored short stop is 204.80, based on a 5% historical example filter above the recorded 195.05 structural reference. That filter is an allowance for normal movement, not a universal rule; it must fit the issue's movement habit, liquidity, and gap behavior. No confirmed Basing Point is recorded, so the stop is not anchored to one.
Minimum objective
The stored minimum objective is 164.66, derived from the recorded head-to-neckline measurement and projected downward from the completed break. The objective was reached on Sep. 3 when the completed bar traded to 161.00. The stored reward-risk assessment was 5.04, indicating adequate potential relative to the structural risk for the original trigger without relying on a fixed reward-to-risk requirement. The minimum objective is a measuring implication, not an automatic exit or a guarantee of further decline.
Failure condition
For the completed short formation, sustained recovery back above the neckline weakens or invalidates continuation. A move through the stored structural stop at 204.80 would invalidate the short thesis under the supplied stop method. Because the objective is already complete, the present issue is not whether to hold for that minimum level but whether later price action can re-establish bearish control.
Evidence to watch next
Stronger bearish evidence would require a renewed completed-bar breakdown below the relevant support/neckline area, preferably with expanding volume and follow-through rather than another isolated gap. Rejection below the neckline followed by lower highs would strengthen the bearish case. Continued closes above the neckline, especially a move through the stored stop area, would reject the watchlist short setup and favor a failed or fully exhausted reversal pattern.
Validated levels
Boundary
$209.06
Close
$198.15
Minimum objective
$164.66
Filtered stop
$204.80
Objective / risk
5.04R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior advance is present: price rose substantially into the Aug. 4 formation start, establishing the advancing context needed for a top.
• The packet records the formation's upper contacts on Aug. 4, Aug. 13, and Aug. 26, with the middle contact at the highest level and the later rally failing below it.
• The neckline boundary is recorded at 186.86, and the Aug. 31 close at 185.29 completed the short-side pattern under the close-beyond-neckline rule.
• Stored volume evidence is supportive: formation base volume ratio was 0.5, while breakout volume ratio was 1.25, indicating contraction during development followed by stronger activity on the break.
• The stored objective was 164.66, and the Sep. 3 completed bar traded to 161.00, so the minimum objective was reached.
Contrary evidence
• The packet records no lower-contact dates, so the neckline's reaction-low construction cannot be independently inspected from the supplied formation metadata.
• The Sep. 3 move included a sharp gap event. A gap is initially a warning; later price action must confirm whether it represents durable continuation.
• After reaching the objective, price recovered above the 186.86 neckline and remained above it through the latest completed bar, weakening the case for a new or continuing short entry.
• The broader context is not uniformly bearish: the stored primary and secondary screens are bullish, and the benchmark's primary screen is bullish.
AG
First Majestic Silver Corp.
head shoulders bottom · long
Active
signal
Price
$19.31
Trigger
$20.51
Stop
$17.55
Objective
$26.92
Objective / risk
4.32R
Volume
0.89x
bearish primary screen
AU
AngloGold Ashanti PLC
head shoulders bottom · long
Active
signal
Price
$101.93
Trigger
$110.49
Stop
$89.06
Objective
$148.05
Objective / risk
3.58R
Volume
0.62x
bullish primary screen
KD
Kyndryl Holdings, Inc.
head shoulders bottom · long
Active
signal
Price
$12.20
Trigger
$13.27
Stop
$11.86
Objective
$16.17
Objective / risk
2.96R
Volume
0.84x
bearish primary screen
CROX
Crocs, Inc.
triple top · short
Active
signal
Price
$123.69
Trigger
$113.00
Stop
$134.39
Objective
$100.94
Objective / risk
2.13R
Volume
1.09x
bullish primary screen
CNXC
Concentrix Corporation
head shoulders bottom · long
Active
signal
Price
$27.53
Trigger
$30.34
Stop
$21.31
Objective
$39.40
Objective / risk
1.91R
Volume
0.70x
bearish primary screen
BWIN
The Baldwin Insurance Group, In
head shoulders top · short
Active
signal
Price
$31.89
Trigger
$30.72
Stop
$33.49
Objective
$28.85
Objective / risk
1.90R
Volume
3.23x
bullish primary screen
ERIC
Ericsson
head shoulders top · short
Active
signal
Price
$10.25
Trigger
$9.97
Stop
$10.45
Objective
$6.16
Objective / risk
1.88R
Volume
0.47x
bearish primary screen
KC
Kingsoft Cloud Holdings Limited
rectangle · long
Active
signal
Price
$10.27
Trigger
$11.20
Stop
$8.64
Objective
$13.31
Objective / risk
1.87R
Volume
1.09x
bearish primary screen
TYL
Tyler Technologies, Inc.
rectangle · long
Active
signal
Price
$332.46
Trigger
$360.00
Stop
$316.67
Objective
$420.27
Objective / risk
1.84R
Volume
1.00x
bearish primary screen
WSM
Williams-Sonoma, Inc.
rectangle · long
Active
signal
Price
$227.16
Trigger
$241.94
Stop
$207.67
Objective
$270.40
Objective / risk
1.78R
Volume
1.15x
bullish primary screen
SJM
The J.M. Smucker Company
rectangle · long
Active
signal
Price
$119.88
Trigger
$126.46
Stop
$108.84
Objective
$138.36
Objective / risk
1.67R
Volume
1.11x
bullish primary screen
AME
AMETEK, Inc.
head shoulders top · short
Active
signal
Price
$241.23
Trigger
$240.06
Stop
$254.82
Objective
$219.34
Objective / risk
1.61R
Volume
0.86x
bullish primary screen
SLB
SLB Limited
rectangle · long
Active
signal
Price
$51.76
Trigger
$54.62
Stop
$45.65
Objective
$61.18
Objective / risk
1.54R
Volume
1.06x
bullish primary screen
VSAT
ViaSat, Inc.
rectangle · short
Active
signal
Price
$76.38
Trigger
$70.55
Stop
$83.82
Objective
$52.70
Objective / risk
1.44R
Volume
1.10x
bullish primary screen
BHVN
Biohaven Ltd.
triple top · short
Active
signal
Price
$14.22
Trigger
$13.00
Stop
$17.49
Objective
$9.68
Objective / risk
1.39R
Volume
1.31x
bullish primary screen
BJ
BJ's Wholesale Club Holdings, I
head shoulders top · short
Active
signal
Price
$92.31
Trigger
$92.00
Stop
$98.45
Objective
$83.83
Objective / risk
1.38R
Volume
0.73x
transition primary screen
OMDA
Omada Health, Inc.
head shoulders top · short
Active
signal
Price
$20.61
Trigger
$20.86
Stop
$23.93
Objective
$16.26
Objective / risk
1.31R
Volume
0.60x
bullish primary screen
BALL
Ball Corporation
head shoulders bottom · long
Active
signal
Price
$59.71
Trigger
$59.36
Stop
$58.50
Objective
$66.93
Objective / risk
1.28R
Volume
0.61x
bullish primary screen
LSCC
Lattice Semiconductor Corporati
triple top · short
Active
signal
Price
$117.24
Trigger
$109.53
Stop
$134.35
Objective
$95.57
Objective / risk
1.27R
Volume
1.19x
bullish primary screen
ARMK
Aramark
rectangle · long
Active
signal
Price
$56.48
Trigger
$58.42
Stop
$53.70
Objective
$61.80
Objective / risk
1.27R
Volume
0.84x
bullish primary screen
BABA
Alibaba Group Holding Limited
rectangle · short
Active
signal
Price
$115.75
Trigger
$109.67
Stop
$137.15
Objective
$88.72
Objective / risk
1.26R
Volume
0.71x
bearish primary screen
LEGN
Legend Biotech Corporation
head shoulders top · short
Active
signal
Price
$18.53
Trigger
$19.65
Stop
$23.07
Objective
$2.45
Objective / risk
1.21R
Volume
0.91x
bearish primary screen
DFTX
Definium Therapeutics, Inc.
head shoulders top · short
Active
signal
Price
$39.28
Trigger
$39.35
Stop
$45.96
Objective
$31.41
Objective / risk
1.18R
Volume
0.93x
bullish primary screen
CCEP
Coca-Cola Europacific Partners
head shoulders top · short
Active
signal
Price
$100.53
Trigger
$101.23
Stop
$110.46
Objective
$88.80
Objective / risk
1.18R
Volume
0.80x
bullish primary screen
LEU
Centrus Energy Corp.
head shoulders top · short
Active
signal
Price
$154.85
Trigger
$154.94
Stop
$200.77
Objective
$101.32
Objective / risk
1.17R
Volume
1.50x
bearish primary screen
CRUS
Cirrus Logic, Inc.
rectangle · short
Active
signal
Price
$119.98
Trigger
$114.67
Stop
$143.89
Objective
$92.30
Objective / risk
1.16R
Volume
0.71x
bearish primary screen
GBDC
Golub Capital BDC, Inc.
triple top · short
Active
signal
Price
$12.55
Trigger
$12.11
Stop
$13.38
Objective
$11.50
Objective / risk
1.15R
Volume
0.56x
bullish primary screen
PCVX
Vaxcyte, Inc.
rectangle · long
Active
signal
Price
$58.92
Trigger
$60.86
Stop
$49.85
Objective
$69.25
Objective / risk
1.14R
Volume
1.19x
bullish primary screen
IAG
Iamgold Corporation
head shoulders top · short
Active
signal
Price
$20.13
Trigger
$20.18
Stop
$22.02
Objective
$18.04
Objective / risk
1.11R
Volume
1.16x
transition primary screen
TAL
TAL Education Group
head shoulders bottom · long
Active
signal
Price
$11.82
Trigger
$11.62
Stop
$11.05
Objective
$14.37
Objective / risk
1.10R
Volume
0.44x
bullish primary screen
SPG
Simon Property Group, Inc.
head shoulders top · short
Active
signal
Price
$204.98
Trigger
$205.81
Stop
$232.32
Objective
$175.66
Objective / risk
1.07R
Volume
0.47x
bullish primary screen
IT
Gartner, Inc.
head shoulders bottom · long
Active
signal
Price
$183.32
Trigger
$178.62
Stop
$164.59
Objective
$228.46
Objective / risk
1.04R
Volume
0.44x
transition primary screen
COLD
Americold Realty Trust, Inc.
rectangle · short
Active
signal
Price
$14.73
Trigger
$14.31
Stop
$16.39
Objective
$13.02
Objective / risk
1.03R
Volume
0.60x
bullish primary screen
GSK
GSK plc
head shoulders top · short
Active
signal
Price
$51.08
Trigger
$51.12
Stop
$54.10
Objective
$46.95
Objective / risk
0.99R
Volume
0.58x
bearish primary screen
AGCO
AGCO Corporation
triple bottom · long
Active
signal
Price
$119.90
Trigger
$124.15
Stop
$96.44
Objective
$142.60
Objective / risk
0.97R
Volume
1.12x
transition primary screen
PAX
Patria Investments Limited
head shoulders top · short
Active
signal
Price
$10.38
Trigger
$10.58
Stop
$11.48
Objective
$9.31
Objective / risk
0.97R
Volume
0.92x
bearish primary screen
VICR
Vicor Corporation
head shoulders bottom · long
Active
signal
Price
$223.90
Trigger
$222.59
Stop
$179.25
Objective
$266.45
Objective / risk
0.95R
Volume
1.11x
bullish primary screen
AFL
AFLAC Incorporated
head shoulders top · short
Active
signal
Price
$115.18
Trigger
$116.46
Stop
$124.36
Objective
$106.57
Objective / risk
0.94R
Volume
0.78x
bullish primary screen
CTAS
Cintas Corporation
head shoulders bottom · long
Active
signal
Price
$196.88
Trigger
$193.94
Stop
$186.67
Objective
$227.58
Objective / risk
0.94R
Volume
0.71x
bullish primary screen
IMVT
Immunovant, Inc.
head shoulders top · short
Active
signal
Price
$37.18
Trigger
$38.78
Stop
$42.59
Objective
$32.13
Objective / risk
0.93R
Volume
0.91x
bullish primary screen
EFX
Equifax, Inc.
head shoulders top · short
Active
signal
Price
$158.62
Trigger
$164.11
Stop
$183.50
Objective
$135.72
Objective / risk
0.92R
Volume
1.01x
bearish primary screen
AUB
Atlantic Union Bankshares Corpo
head shoulders top · short
Active
signal
Price
$38.89
Trigger
$39.40
Stop
$42.37
Objective
$35.71
Objective / risk
0.91R
Volume
0.95x
bullish primary screen
QBTS
D-Wave Quantum Inc.
rectangle · short
Active
signal
Price
$17.70
Trigger
$17.45
Stop
$19.40
Objective
$12.90
Objective / risk
0.89R
Volume
0.90x
bearish primary screen
KLIC
Kulicke and Soffa Industries, I
triple top · short
Active
signal
Price
$84.08
Trigger
$81.53
Stop
$90.63
Objective
$57.50
Objective / risk
0.89R
Volume
0.44x
bullish primary screen
CBRE
CBRE Group Inc
rectangle · long
Active
signal
Price
$143.21
Trigger
$145.48
Stop
$136.23
Objective
$157.89
Objective / risk
0.87R
Volume
1.21x
bearish primary screen
ERO
Ero Copper Corp.
head shoulders top · short
Active
signal
Price
$34.70
Trigger
$34.86
Stop
$41.33
Objective
$28.90
Objective / risk
0.87R
Volume
0.84x
bullish primary screen
BNTX
BioNTech SE
head shoulders top · short
Active
signal
Price
$98.00
Trigger
$103.77
Stop
$110.73
Objective
$87.21
Objective / risk
0.85R
Volume
0.69x
transition primary screen
HUBS
HubSpot, Inc.
head shoulders top · short
Active
signal
Price
$213.86
Trigger
$217.75
Stop
$265.35
Objective
$170.49
Objective / risk
0.84R
Volume
1.10x
bearish primary screen
STM
STMicroelectronics N.V.
head shoulders top · short
Active
signal
Price
$51.63
Trigger
$54.51
Stop
$54.46
Objective
$36.41
Objective / risk
0.83R
Volume
0.56x
bullish primary screen
NTR
Nutrien Ltd.
triple bottom · long
Active
signal
Price
$74.54
Trigger
$76.11
Stop
$63.66
Objective
$83.45
Objective / risk
0.82R
Volume
2.03x
bullish primary screen
AJG
Arthur J. Gallagher & Co.
head shoulders top · short
Active
signal
Price
$236.61
Trigger
$239.54
Stop
$269.25
Objective
$209.81
Objective / risk
0.82R
Volume
0.93x
bullish primary screen
TXN
Texas Instruments Incorporated
triple top · short
Active
signal
Price
$270.87
Trigger
$264.74
Stop
$280.85
Objective
$238.55
Objective / risk
0.81R
Volume
0.84x
bullish primary screen
EYE
National Vision Holdings, Inc.
head shoulders top · short
Active
signal
Price
$16.45
Trigger
$18.11
Stop
$18.66
Objective
$13.60
Objective / risk
0.81R
Volume
0.80x
bearish primary screen
BEAM
Beam Therapeutics Inc.
triple top · short
Active
signal
Price
$25.26
Trigger
$24.67
Stop
$35.36
Objective
$17.12
Objective / risk
0.81R
Volume
0.78x
bearish primary screen
HON
Honeywell International Inc.
rectangle · short
Active
signal
Price
$206.48
Trigger
$204.72
Stop
$247.42
Objective
$173.80
Objective / risk
0.80R
Volume
1.20x
bearish primary screen
SRPT
Sarepta Therapeutics, Inc.
head shoulders top · short
Active
signal
Price
$20.14
Trigger
$20.80
Stop
$22.84
Objective
$17.98
Objective / risk
0.80R
Volume
0.52x
transition primary screen
VNT
Vontier Corporation
head shoulders top · short
Active
signal
Price
$31.24
Trigger
$32.39
Stop
$35.06
Objective
$28.22
Objective / risk
0.79R
Volume
0.82x
bearish primary screen
NTRS
Northern Trust Corporation
head shoulders top · short
Active
signal
Price
$178.95
Trigger
$179.36
Stop
$192.80
Objective
$168.03
Objective / risk
0.79R
Volume
0.75x
bullish primary screen
PCOR
Procore Technologies, Inc.
rectangle · short
Active
signal
Price
$51.69
Trigger
$51.80
Stop
$68.03
Objective
$38.81
Objective / risk
0.79R
Volume
0.62x
bearish primary screen
AEP
American Electric Power Company
head shoulders top · short
Active
signal
Price
$120.03
Trigger
$124.21
Stop
$131.25
Objective
$108.91
Objective / risk
0.78R
Volume
1.27x
transition primary screen
NXT
Nextpower Inc.
rectangle · short
Active
signal
Price
$83.15
Trigger
$83.74
Stop
$92.21
Objective
$59.09
Objective / risk
0.78R
Volume
0.78x
bearish primary screen
SBRA
Sabra Health Care REIT, Inc.
head shoulders top · short
Active
signal
Price
$19.87
Trigger
$20.26
Stop
$22.17
Objective
$18.08
Objective / risk
0.78R
Volume
0.68x
bullish primary screen
MNTN
MNTN, Inc.
rectangle · short
Active
signal
Price
$11.36
Trigger
$11.38
Stop
$14.34
Objective
$9.10
Objective / risk
0.76R
Volume
0.68x
bullish primary screen
CTAS
Cintas Corporation
head shoulders top · short
Active
signal
Price
$196.88
Trigger
$200.28
Stop
$214.85
Objective
$181.96
Objective / risk
0.75R
Volume
0.64x
bullish primary screen
GAP
Gap, Inc. (The)
head shoulders top · short
Active
signal
Price
$21.25
Trigger
$22.57
Stop
$22.70
Objective
$19.34
Objective / risk
0.72R
Volume
0.50x
bearish primary screen
IVZ
Invesco Ltd
rectangle · short
Active
signal
Price
$31.38
Trigger
$31.11
Stop
$35.34
Objective
$28.56
Objective / risk
0.71R
Volume
1.17x
bullish primary screen
CNK
Cinemark Holdings Inc Cinemark
rectangle · short
Active
signal
Price
$36.25
Trigger
$35.96
Stop
$38.01
Objective
$33.03
Objective / risk
0.70R
Volume
1.35x
bullish primary screen
Z
Zillow Group, Inc.
rectangle · short
Active
signal
Price
$30.65
Trigger
$31.03
Stop
$39.46
Objective
$24.48
Objective / risk
0.70R
Volume
1.02x
bearish primary screen
VMRK
Vivmark Residential
head shoulders top · short
Active
signal
Price
$61.36
Trigger
$63.21
Stop
$69.66
Objective
$55.66
Objective / risk
0.69R
Volume
1.15x
transition primary screen
POWI
Power Integrations, Inc.
rectangle · short
Active
signal
Price
$49.51
Trigger
$50.90
Stop
$55.81
Objective
$35.90
Objective / risk
0.69R
Volume
1.12x
transition primary screen
COLB
Columbia Banking System, Inc.
head shoulders top · short
Active
signal
Price
$29.90
Trigger
$30.41
Stop
$32.46
Objective
$27.55
Objective / risk
0.68R
Volume
0.69x
bullish primary screen
GH
Guardant Health, Inc.
rectangle · long
Active
signal
Price
$173.87
Trigger
$173.17
Stop
$146.30
Objective
$192.34
Objective / risk
0.67R
Volume
1.39x
bullish primary screen
GPN
Global Payments Inc.
rectangle · short
Active
signal
Price
$85.29
Trigger
$85.38
Stop
$100.39
Objective
$75.15
Objective / risk
0.67R
Volume
1.09x
bullish primary screen
ECHO
EchoStar Corporation
head shoulders top · short
Active
signal
Price
$95.36
Trigger
$101.85
Stop
$99.70
Objective
$71.92
Objective / risk
0.67R
Volume
0.52x
bearish primary screen
LGN
Legence Corp.
rectangle · short
Active
signal
Price
$54.59
Trigger
$56.08
Stop
$74.34
Objective
$41.36
Objective / risk
0.67R
Volume
0.49x
bearish primary screen
ZG
Zillow Group, Inc.
rectangle · short
Active
signal
Price
$31.13
Trigger
$31.75
Stop
$40.37
Objective
$25.05
Objective / risk
0.66R
Volume
1.14x
bearish primary screen
DLB
Dolby Laboratories
head shoulders top · short
Active
signal
Price
$57.33
Trigger
$59.18
Stop
$65.84
Objective
$51.74
Objective / risk
0.66R
Volume
0.88x
bearish primary screen
FFIN
First Financial Bankshares, Inc
head shoulders top · short
Active
signal
Price
$32.74
Trigger
$33.15
Stop
$35.12
Objective
$31.18
Objective / risk
0.66R
Volume
0.61x
bullish primary screen
SSB
SouthState Bank Corporation
head shoulders top · short
Active
signal
Price
$103.11
Trigger
$104.53
Stop
$112.61
Objective
$96.86
Objective / risk
0.66R
Volume
0.54x
bullish primary screen
MKSI
MKS Inc.
rectangle · short
Active
signal
Price
$256.92
Trigger
$264.29
Stop
$272.35
Objective
$199.54
Objective / risk
0.65R
Volume
0.66x
transition primary screen
NOMD
Nomad Foods Limited
rectangle · short
Active
signal
Price
$10.60
Trigger
$10.74
Stop
$13.19
Objective
$8.92
Objective / risk
0.65R
Volume
0.53x
transition primary screen
CXT
Crane NXT, Co.
head shoulders top · short
Active
signal
Price
$45.77
Trigger
$48.83
Stop
$54.76
Objective
$40.09
Objective / risk
0.63R
Volume
1.17x
transition primary screen
JBHT
J.B. Hunt Transport Services, I
head shoulders top · short
Active
signal
Price
$236.17
Trigger
$248.70
Stop
$279.42
Objective
$209.46
Objective / risk
0.62R
Volume
1.08x
transition primary screen
BA
Boeing Company (The)
triple top · short
Active
signal
Price
$201.15
Trigger
$203.90
Stop
$256.27
Objective
$166.92
Objective / risk
0.62R
Volume
0.95x
bearish primary screen
ZM
Zoom Communications, Inc.
rectangle · short
Active
signal
Price
$90.90
Trigger
$92.72
Stop
$114.22
Objective
$76.66
Objective / risk
0.61R
Volume
1.19x
transition primary screen
TSCO
Tractor Supply Company
rectangle · short
Active
signal
Price
$32.33
Trigger
$32.55
Stop
$37.92
Objective
$28.99
Objective / risk
0.60R
Volume
1.08x
bearish primary screen
GPRE
Green Plains, Inc.
head shoulders top · short
Active
signal
Price
$14.85
Trigger
$16.14
Stop
$16.83
Objective
$12.63
Objective / risk
0.60R
Volume
0.70x
bullish primary screen
PAX
Patria Investments Limited
triple top · short
Active
signal
Price
$10.38
Trigger
$10.40
Stop
$13.26
Objective
$8.68
Objective / risk
0.59R
Volume
1.04x
bearish primary screen
INVA
Innoviva, Inc.
rectangle · short
Active
signal
Price
$21.04
Trigger
$21.05
Stop
$22.79
Objective
$19.37
Objective / risk
0.59R
Volume
0.85x
bearish primary screen
MTG
MGIC Investment Corporation
head shoulders bottom · long
Active
signal
Price
$29.45
Trigger
$28.31
Stop
$28.46
Objective
$31.44
Objective / risk
0.59R
Volume
0.75x
bullish primary screen
OHI
Omega Healthcare Investors, Inc
head shoulders top · short
Active
signal
Price
$46.83
Trigger
$47.80
Stop
$51.75
Objective
$43.91
Objective / risk
0.59R
Volume
0.72x
bullish primary screen
PFE
Pfizer, Inc.
rectangle · long
Active
signal
Price
$27.74
Trigger
$27.40
Stop
$23.10
Objective
$30.48
Objective / risk
0.59R
Volume
0.72x
bullish primary screen
TOST
Toast, Inc.
head shoulders top · short
Active
signal
Price
$29.80
Trigger
$31.86
Stop
$35.41
Objective
$26.51
Objective / risk
0.59R
Volume
0.65x
transition primary screen
BHF
Brighthouse Financial, Inc.
rectangle · short
Active
signal
Price
$49.84
Trigger
$51.08
Stop
$63.36
Objective
$41.82
Objective / risk
0.59R
Volume
0.57x
bearish primary screen
SGRY
Surgery Partners, Inc.
head shoulders top · short
Active
signal
Price
$13.66
Trigger
$14.43
Stop
$15.83
Objective
$12.41
Objective / risk
0.58R
Volume
1.32x
transition primary screen
TAC
TransAlta Corporation
head shoulders top · short
Active
signal
Price
$12.31
Trigger
$12.81
Stop
$13.33
Objective
$10.84
Objective / risk
0.58R
Volume
0.97x
bearish primary screen
SDRL
Seadrill Limited
rectangle · long
Active
signal
Price
$46.58
Trigger
$45.88
Stop
$43.71
Objective
$51.27
Objective / risk
0.58R
Volume
0.49x
bullish primary screen
NKE
Nike, Inc.
rectangle · short
Active
signal
Price
$36.10
Trigger
$36.55
Stop
$42.96
Objective
$32.19
Objective / risk
0.57R
Volume
1.42x
bearish primary screen
PTCT
PTC Therapeutics, Inc.
head shoulders top · short
Active
signal
Price
$65.26
Trigger
$72.56
Stop
$76.31
Objective
$54.24
Objective / risk
0.57R
Volume
0.53x
bearish primary screen
IBN
ICICI Bank Limited
head shoulders top · short
Active
signal
Price
$28.32
Trigger
$28.63
Stop
$31.35
Objective
$26.59
Objective / risk
0.57R
Volume
0.44x
transition primary screen
RTX
RTX Corporation
rectangle · short
Active
signal
Price
$194.34
Trigger
$198.13
Stop
$237.73
Objective
$169.85
Objective / risk
0.56R
Volume
0.72x
bullish primary screen
ALSN
Allison Transmission Holdings,
rectangle · short
Active
signal
Price
$118.86
Trigger
$120.58
Stop
$141.39
Objective
$106.50
Objective / risk
0.55R
Volume
1.37x
bullish primary screen
SEDG
SolarEdge Technologies, Inc.
rectangle · long
Active
signal
Price
$35.61
Trigger
$34.66
Stop
$28.03
Objective
$39.81
Objective / risk
0.55R
Volume
0.91x
bearish primary screen
AEP
American Electric Power Company
rectangle · short
Active
signal
Price
$120.03
Trigger
$120.06
Stop
$133.92
Objective
$112.58
Objective / risk
0.54R
Volume
1.89x
transition primary screen
HLT
Hilton Worldwide Holdings Inc.
rectangle · short
Active
signal
Price
$307.08
Trigger
$309.07
Stop
$352.43
Objective
$282.49
Objective / risk
0.54R
Volume
1.15x
transition primary screen
GRMN
Garmin Ltd.
rectangle · short
Active
signal
Price
$280.31
Trigger
$283.70
Stop
$328.72
Objective
$254.34
Objective / risk
0.54R
Volume
0.67x
bullish primary screen
EW
Edwards Lifesciences Corporatio
rectangle · short
Active
signal
Price
$88.34
Trigger
$88.40
Stop
$98.61
Objective
$82.89
Objective / risk
0.53R
Volume
1.19x
bullish primary screen
MRSH
Marsh
rectangle · short
Active
signal
Price
$172.72
Trigger
$175.52
Stop
$205.45
Objective
$155.37
Objective / risk
0.53R
Volume
1.05x
transition primary screen
MCHP
Microchip Technology Incorporat
rectangle · short
Active
signal
Price
$74.78
Trigger
$77.53
Stop
$78.92
Objective
$63.60
Objective / risk
0.53R
Volume
0.79x
bearish primary screen
OR
OR Royalties Inc.
rectangle · long
Active
signal
Price
$36.11
Trigger
$34.71
Stop
$32.89
Objective
$40.94
Objective / risk
0.53R
Volume
0.58x
bearish primary screen
AER
AerCap Holdings N.V.
head shoulders top · short
Active
signal
Price
$143.00
Trigger
$146.93
Stop
$154.33
Objective
$135.48
Objective / risk
0.52R
Volume
1.06x
transition primary screen
BMY
Bristol-Myers Squibb Company
rectangle · short
Active
signal
Price
$62.62
Trigger
$63.15
Stop
$72.07
Objective
$57.66
Objective / risk
0.52R
Volume
0.84x
bullish primary screen
Symbol
State
Price
Trigger
Stop
Objective
Reward
Volume
Primary screen
CTVA
Corteva, Inc.
head shoulders bottom · long
Active
signal
$79.11
$85.45
$77.10
$96.12
8.46R
objective / filtered risk
0.66x
bullish
Entry analysis
The completed bars show a confirmed upside neckline break for a potential head-and-shoulders bottom, but the breakout has not produced durable follow-through. Price has returned below the neckline while remaining above the stored structural stop, so the long signal is active but materially weakened.
For this formation, completion requires an upward break of the neckline, not merely a rally within the base. The September 1 completed close above the stored 85.45 neckline satisfied that boundary-completion rule, so this is a signal rather than only a warning or setup. The later return below the neckline weakens the signal and requires renewed evidence; it does not by itself change the recorded formation to failed while the stored structural invalidation remains intact.
Show full analysisHide full analysis
Trend context
The issue first declined from the low-80s into the mid-70s, establishing the required prior downtrend. The primary trend screen is bullish, but secondary and minor screens are bearish, indicating a countertrend or transitional environment rather than uniformly aligned strength. The benchmark's confirmation state is not confirmed.
Formation context
The supplied structure is a head-and-shoulders bottom candidate that the packet classifies as confirmed. Its lower-contact fields identify May 21, August 12, and August 27, while the packet supplies no upper-contact dates. The shape therefore has the required reversal context and a recorded neckline, but the contact record is incomplete for a strong independent geometry judgment.
Volume confirmation
Volume supported the initial completion: the stored breakout volume ratio is 1.3 and the September 1 bar expanded participation. However, the subsequent retreat included relatively heavy volume, while the latest decline occurred on lower volume. This is mixed evidence: demand appeared at the break, but follow-through has not convincingly overwhelmed supply.
Structural stop
The stored stop is 77.10, derived from the formation boundary with the historical 5% example filter. That filter is not universal; it must fit the issue's normal movement habit, volatility, liquidity, and gap behavior. No confirmed Basing Point is stored, so there is no separate progressive-stop anchor. The latest close remains above the stored stop, but the move back below the neckline is an adverse warning and does not justify widening protection.
Minimum objective
The stored minimum objective is 96.12, measured from the formation depth after the confirmed breakout. Relative to the stored structural risk, the packet indicates attractive potential, but overhead supply and the failed follow-through reduce confidence that the objective will be reached. The minimum objective is a measuring guide, not an automatic exit; later price action and progressive protection should govern management.
Failure condition
A decisive move through the stored stop at 77.10 would invalidate the long structure under the stored boundary-filter method. Continued rejection below the neckline, especially if followed by a break of the right-side base support, would further reject the breakout and could convert the confirmed formation into a failed reversal.
Evidence to watch next
Stronger evidence would be a completed close back above 85.45 followed by sustained trade above the neckline, preferably with renewed expansion in volume and improving secondary/minor trend behavior. Rejection would be strengthened by continued closes below the neckline, expanding downside volume, or a decisive break through 77.10.
Validated levels
Boundary
$85.45
Close
$79.11
Minimum objective
$96.12
Filtered stop
$77.10
Objective / risk
8.46R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The issue shows a prior decline into the formation, satisfying the required downtrend context for a bottom reversal.
• The supplied formation identifies three lower contacts and a neckline boundary, with the formation marked confirmed.
• The September 1 close completed the upside break above the stored trigger at 85.45.
• Breakout volume was recorded at 1.3 times the base volume, providing supporting demand evidence.
• The stored minimum objective is 96.12, materially above the trigger, while the stored stop is 77.10.
Contrary evidence
• The formation packet lists no upper contact dates, making the neckline geometry less independently verifiable from the stored formation fields.
• The breakout was not sustained: subsequent completed bars fell back below the neckline, and the latest close is 79.11.
• The secondary and minor trend screens are bearish, despite a bullish primary trend screen.
• High volume accompanied parts of the decline after the breakout, which is unfavorable follow-through behavior.
• The benchmark context is not confirmed, with breadth near balance rather than showing broad bullish confirmation.
RBLX
Roblox Corporation
head shoulders top · short
Active
signal
$51.25
$46.27
$53.60
$35.07
6.89R
objective / filtered risk
1.20x
bearish
Entry analysis
The supplied bars show a completed downside boundary break and subsequent minimum-objective attainment, but the later recovery above the neckline removes a valid fresh short trigger. The historical formation remains relevant context; it is not currently a confirmed short setup.
The valid historical entry trigger was the completed July 31 close below the neckline. A gap event alone is only a warning, but later closes below the boundary confirmed the break. At the current review point, price has reclaimed the neckline; therefore the prior trigger is no longer a current short entry and the watchlist state is warning, not signal. A new short would require fresh bearish evidence after the reclaim, not reliance on the old break.
Show full analysisHide full analysis
Trend context
The formation required a preceding advance, and the completed bars support that context before the topping sequence. The primary and secondary trend screens are bearish at the review point, but the minor screen is bullish and the broader confirmation state is not confirmed. This creates a mixed trend backdrop rather than a clean, synchronized short condition.
Formation context
The structure is consistent with a head-and-shoulders top: an advance preceded the pattern, the packet lists three upper contacts, and the neckline is the decision boundary. The formation completed on the first completed close below 46.27, which occurred on July 31. The subsequent move reached the stored minimum objective, so the formation is marked objective-complete rather than an unconfirmed candidate. The later neckline reclaim is adverse to any new short interpretation.
Volume confirmation
Volume strongly corroborated the historical breakdown: the packet reports a breakout volume ratio of 7.96 relative to base volume. The base-volume ratio of 0.79 also indicates the formation developed on comparatively lighter activity than the breakdown. This supports the completed historical break, but it cannot override the later price reclaim or create a current entry by itself.
Structural stop
The stored protective stop is 53.60, based on a 5% filter beyond the 51.05 formation reference. That historical filter is an example allowance, not a universal percentage: it must fit the issue’s normal movement habit and volatility. The supplied current close has not exceeded the stored stop, but the neckline reclaim already makes the old short thesis unsuitable for a fresh entry. Any live position would still require its defined protective stop and current price evidence; stops should not be widened.
Minimum objective
The stored minimum objective is 35.07, and the packet records that it was reached on July 31. The supplied stored reward-versus-structural-risk relationship is favorable on the original levels, but the objective is a minimum implication, not a guaranteed target or automatic exit. Once price reached it and later reclaimed the neckline, the original short opportunity had materially changed; the minimum objective should not be used alone to justify a new position or dictate an exit without current evidence.
Failure condition
For the original short formation, sustained price action back above the neckline is the principal structural failure condition for a fresh bearish interpretation. The September 14 reclaim and subsequent closes above 46.27 satisfy that rejection of the old short watch, even though the stored 53.60 protective stop has not been exceeded.
Evidence to watch next
A stronger bearish watch would require price to fail below the reclaimed neckline, establish a new lower high, and then produce a fresh decisive close below relevant support with supportive volume. Continued closes above the neckline, especially a move through the stored stop reference, would further reject the old formation and favor transition or bullish continuation instead.
Validated levels
Boundary
$57.48
Close
$51.25
Minimum objective
$35.07
Filtered stop
$53.60
Objective / risk
6.89R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior advance is present: price rose from the May trading range into the June 18 high before the topping structure developed.
• The packet identifies three upper formation contacts on June 24, July 16, and July 29, with a higher central peak and a later lower rally consistent with the named formation.
• The neckline boundary is listed at 46.27, and the July 31 close at 35.60 completed the required downside boundary break.
• The July 31 downside gap was followed by continued closes below the neckline through September 11, providing later confirmation rather than treating the gap alone as sufficient evidence.
• Breakout volume is listed at 7.96 times base volume, strongly supporting the historical downside break.
• The stored minimum objective of 35.07 was reached on July 31.
Contrary evidence
• The September 14 close at 51.29 reclaimed the 46.27 neckline, and subsequent completed bars remained above it through September 21.
• The current close of 51.25 is above the neckline, so there is no active downside entry trigger at the review point.
• The broader market context is not confirmed: breadth is near balance, the benchmark is in transition on its minor screen, and the packet reports a not-confirmed market state.
• The formation metadata provides no lower-contact dates, limiting independent verification of the neckline construction from the supplied packet alone.
• The large July 31 gap was initially a warning event; only the later closes below the neckline supplied confirmation.
NTAP
NetApp, Inc.
head shoulders top · short
Active
signal
$198.15
$186.86
$204.80
$164.66
5.04R
objective / filtered risk
0.73x
bullish
Entry analysis
The completed bars support a bearish head-and-shoulders top that completed on the neckline break, but its stored minimum objective was already reached. Subsequent recovery above the neckline means this is no longer a fresh short signal; current evidence is a warning/transition state rather than a new entry.
The historical short trigger was valid at the recorded neckline break because the Aug. 31 completed close was below 186.86. That was a signal at the time, distinct from the earlier warning and setup states. It is not a current fresh signal because the minimum objective has already been reached and later completed bars recovered above the neckline.
Show full analysisHide full analysis
Trend context
The issue had a clear prior advance into the formation, satisfying the required reversal context. After the neckline break and objective completion, the later recovery has shifted the current condition from confirmed bearish continuation toward transition. The supplied market screens also remain broadly bullish, so they do not provide confirming bearish context.
Formation context
The named formation is a head-and-shoulders top: a prior advance, a higher central peak, and lower right-side failure are recorded. The packet lists upper contacts on Aug. 4, Aug. 13, and Aug. 26, with a neckline boundary at 186.86. The formation completed when a completed daily close moved below that neckline on Aug. 31; an intraday penetration alone would not have been sufficient.
Volume confirmation
Volume behavior is directionally supportive: the stored 0.5 base-volume ratio indicates quieter activity during formation, while the 1.25 breakout-volume ratio indicates expansion at the downside break. Volume supports the price completion but does not replace it. The large Sep. 3 gap and volume expansion require caution because gap events are warnings until subsequent action confirms their meaning.
Structural stop
The stored short stop is 204.80, based on a 5% historical example filter above the recorded 195.05 structural reference. That filter is an allowance for normal movement, not a universal rule; it must fit the issue's movement habit, liquidity, and gap behavior. No confirmed Basing Point is recorded, so the stop is not anchored to one.
Minimum objective
The stored minimum objective is 164.66, derived from the recorded head-to-neckline measurement and projected downward from the completed break. The objective was reached on Sep. 3 when the completed bar traded to 161.00. The stored reward-risk assessment was 5.04, indicating adequate potential relative to the structural risk for the original trigger without relying on a fixed reward-to-risk requirement. The minimum objective is a measuring implication, not an automatic exit or a guarantee of further decline.
Failure condition
For the completed short formation, sustained recovery back above the neckline weakens or invalidates continuation. A move through the stored structural stop at 204.80 would invalidate the short thesis under the supplied stop method. Because the objective is already complete, the present issue is not whether to hold for that minimum level but whether later price action can re-establish bearish control.
Evidence to watch next
Stronger bearish evidence would require a renewed completed-bar breakdown below the relevant support/neckline area, preferably with expanding volume and follow-through rather than another isolated gap. Rejection below the neckline followed by lower highs would strengthen the bearish case. Continued closes above the neckline, especially a move through the stored stop area, would reject the watchlist short setup and favor a failed or fully exhausted reversal pattern.
Validated levels
Boundary
$209.06
Close
$198.15
Minimum objective
$164.66
Filtered stop
$204.80
Objective / risk
5.04R
The method does not set a universal R gate. The displayed stop uses the book's historical 5% example filter. A live plan must fit the filter to the stock's movement habit, liquidity, and gap risk.
Supporting evidence
• The required prior advance is present: price rose substantially into the Aug. 4 formation start, establishing the advancing context needed for a top.
• The packet records the formation's upper contacts on Aug. 4, Aug. 13, and Aug. 26, with the middle contact at the highest level and the later rally failing below it.
• The neckline boundary is recorded at 186.86, and the Aug. 31 close at 185.29 completed the short-side pattern under the close-beyond-neckline rule.
• Stored volume evidence is supportive: formation base volume ratio was 0.5, while breakout volume ratio was 1.25, indicating contraction during development followed by stronger activity on the break.
• The stored objective was 164.66, and the Sep. 3 completed bar traded to 161.00, so the minimum objective was reached.
Contrary evidence
• The packet records no lower-contact dates, so the neckline's reaction-low construction cannot be independently inspected from the supplied formation metadata.
• The Sep. 3 move included a sharp gap event. A gap is initially a warning; later price action must confirm whether it represents durable continuation.
• After reaching the objective, price recovered above the 186.86 neckline and remained above it through the latest completed bar, weakening the case for a new or continuing short entry.
• The broader context is not uniformly bearish: the stored primary and secondary screens are bullish, and the benchmark's primary screen is bullish.
AG
First Majestic Silver Corp.
head shoulders bottom · long
Active
signal
$19.31
$20.51
$17.55
$26.92
4.32R
objective / filtered risk
0.89x
bearish
AU
AngloGold Ashanti PLC
head shoulders bottom · long
Active
signal
$101.93
$110.49
$89.06
$148.05
3.58R
objective / filtered risk
0.62x
bullish
KD
Kyndryl Holdings, Inc.
head shoulders bottom · long
Active
signal
$12.20
$13.27
$11.86
$16.17
2.96R
objective / filtered risk
0.84x
bearish
CROX
Crocs, Inc.
triple top · short
Active
signal
$123.69
$113.00
$134.39
$100.94
2.13R
objective / filtered risk
1.09x
bullish
CNXC
Concentrix Corporation
head shoulders bottom · long
Active
signal
$27.53
$30.34
$21.31
$39.40
1.91R
objective / filtered risk
0.70x
bearish
BWIN
The Baldwin Insurance Group, In
head shoulders top · short
Active
signal
$31.89
$30.72
$33.49
$28.85
1.90R
objective / filtered risk
3.23x
bullish
ERIC
Ericsson
head shoulders top · short
Active
signal
$10.25
$9.97
$10.45
$6.16
1.88R
objective / filtered risk
0.47x
bearish
KC
Kingsoft Cloud Holdings Limited
rectangle · long
Active
signal
$10.27
$11.20
$8.64
$13.31
1.87R
objective / filtered risk
1.09x
bearish
TYL
Tyler Technologies, Inc.
rectangle · long
Active
signal
$332.46
$360.00
$316.67
$420.27
1.84R
objective / filtered risk
1.00x
bearish
WSM
Williams-Sonoma, Inc.
rectangle · long
Active
signal
$227.16
$241.94
$207.67
$270.40
1.78R
objective / filtered risk
1.15x
bullish
SJM
The J.M. Smucker Company
rectangle · long
Active
signal
$119.88
$126.46
$108.84
$138.36
1.67R
objective / filtered risk
1.11x
bullish
AME
AMETEK, Inc.
head shoulders top · short
Active
signal
$241.23
$240.06
$254.82
$219.34
1.61R
objective / filtered risk
0.86x
bullish
SLB
SLB Limited
rectangle · long
Active
signal
$51.76
$54.62
$45.65
$61.18
1.54R
objective / filtered risk
1.06x
bullish
VSAT
ViaSat, Inc.
rectangle · short
Active
signal
$76.38
$70.55
$83.82
$52.70
1.44R
objective / filtered risk
1.10x
bullish
BHVN
Biohaven Ltd.
triple top · short
Active
signal
$14.22
$13.00
$17.49
$9.68
1.39R
objective / filtered risk
1.31x
bullish
BJ
BJ's Wholesale Club Holdings, I
head shoulders top · short
Active
signal
$92.31
$92.00
$98.45
$83.83
1.38R
objective / filtered risk
0.73x
transition
OMDA
Omada Health, Inc.
head shoulders top · short
Active
signal
$20.61
$20.86
$23.93
$16.26
1.31R
objective / filtered risk
0.60x
bullish
BALL
Ball Corporation
head shoulders bottom · long
Active
signal
$59.71
$59.36
$58.50
$66.93
1.28R
objective / filtered risk
0.61x
bullish
LSCC
Lattice Semiconductor Corporati
triple top · short
Active
signal
$117.24
$109.53
$134.35
$95.57
1.27R
objective / filtered risk
1.19x
bullish
ARMK
Aramark
rectangle · long
Active
signal
$56.48
$58.42
$53.70
$61.80
1.27R
objective / filtered risk
0.84x
bullish
BABA
Alibaba Group Holding Limited
rectangle · short
Active
signal
$115.75
$109.67
$137.15
$88.72
1.26R
objective / filtered risk
0.71x
bearish
LEGN
Legend Biotech Corporation
head shoulders top · short
Active
signal
$18.53
$19.65
$23.07
$2.45
1.21R
objective / filtered risk
0.91x
bearish
DFTX
Definium Therapeutics, Inc.
head shoulders top · short
Active
signal
$39.28
$39.35
$45.96
$31.41
1.18R
objective / filtered risk
0.93x
bullish
CCEP
Coca-Cola Europacific Partners
head shoulders top · short
Active
signal
$100.53
$101.23
$110.46
$88.80
1.18R
objective / filtered risk
0.80x
bullish
LEU
Centrus Energy Corp.
head shoulders top · short
Active
signal
$154.85
$154.94
$200.77
$101.32
1.17R
objective / filtered risk
1.50x
bearish
CRUS
Cirrus Logic, Inc.
rectangle · short
Active
signal
$119.98
$114.67
$143.89
$92.30
1.16R
objective / filtered risk
0.71x
bearish
GBDC
Golub Capital BDC, Inc.
triple top · short
Active
signal
$12.55
$12.11
$13.38
$11.50
1.15R
objective / filtered risk
0.56x
bullish
PCVX
Vaxcyte, Inc.
rectangle · long
Active
signal
$58.92
$60.86
$49.85
$69.25
1.14R
objective / filtered risk
1.19x
bullish
IAG
Iamgold Corporation
head shoulders top · short
Active
signal
$20.13
$20.18
$22.02
$18.04
1.11R
objective / filtered risk
1.16x
transition
TAL
TAL Education Group
head shoulders bottom · long
Active
signal
$11.82
$11.62
$11.05
$14.37
1.10R
objective / filtered risk
0.44x
bullish
SPG
Simon Property Group, Inc.
head shoulders top · short
Active
signal
$204.98
$205.81
$232.32
$175.66
1.07R
objective / filtered risk
0.47x
bullish
IT
Gartner, Inc.
head shoulders bottom · long
Active
signal
$183.32
$178.62
$164.59
$228.46
1.04R
objective / filtered risk
0.44x
transition
COLD
Americold Realty Trust, Inc.
rectangle · short
Active
signal
$14.73
$14.31
$16.39
$13.02
1.03R
objective / filtered risk
0.60x
bullish
GSK
GSK plc
head shoulders top · short
Active
signal
$51.08
$51.12
$54.10
$46.95
0.99R
objective / filtered risk
0.58x
bearish
AGCO
AGCO Corporation
triple bottom · long
Active
signal
$119.90
$124.15
$96.44
$142.60
0.97R
objective / filtered risk
1.12x
transition
PAX
Patria Investments Limited
head shoulders top · short
Active
signal
$10.38
$10.58
$11.48
$9.31
0.97R
objective / filtered risk
0.92x
bearish
VICR
Vicor Corporation
head shoulders bottom · long
Active
signal
$223.90
$222.59
$179.25
$266.45
0.95R
objective / filtered risk
1.11x
bullish
AFL
AFLAC Incorporated
head shoulders top · short
Active
signal
$115.18
$116.46
$124.36
$106.57
0.94R
objective / filtered risk
0.78x
bullish
CTAS
Cintas Corporation
head shoulders bottom · long
Active
signal
$196.88
$193.94
$186.67
$227.58
0.94R
objective / filtered risk
0.71x
bullish
IMVT
Immunovant, Inc.
head shoulders top · short
Active
signal
$37.18
$38.78
$42.59
$32.13
0.93R
objective / filtered risk
0.91x
bullish
EFX
Equifax, Inc.
head shoulders top · short
Active
signal
$158.62
$164.11
$183.50
$135.72
0.92R
objective / filtered risk
1.01x
bearish
AUB
Atlantic Union Bankshares Corpo
head shoulders top · short
Active
signal
$38.89
$39.40
$42.37
$35.71
0.91R
objective / filtered risk
0.95x
bullish
QBTS
D-Wave Quantum Inc.
rectangle · short
Active
signal
$17.70
$17.45
$19.40
$12.90
0.89R
objective / filtered risk
0.90x
bearish
KLIC
Kulicke and Soffa Industries, I
triple top · short
Active
signal
$84.08
$81.53
$90.63
$57.50
0.89R
objective / filtered risk
0.44x
bullish
CBRE
CBRE Group Inc
rectangle · long
Active
signal
$143.21
$145.48
$136.23
$157.89
0.87R
objective / filtered risk
1.21x
bearish
ERO
Ero Copper Corp.
head shoulders top · short
Active
signal
$34.70
$34.86
$41.33
$28.90
0.87R
objective / filtered risk
0.84x
bullish
BNTX
BioNTech SE
head shoulders top · short
Active
signal
$98.00
$103.77
$110.73
$87.21
0.85R
objective / filtered risk
0.69x
transition
HUBS
HubSpot, Inc.
head shoulders top · short
Active
signal
$213.86
$217.75
$265.35
$170.49
0.84R
objective / filtered risk
1.10x
bearish
STM
STMicroelectronics N.V.
head shoulders top · short
Active
signal
$51.63
$54.51
$54.46
$36.41
0.83R
objective / filtered risk
0.56x
bullish
NTR
Nutrien Ltd.
triple bottom · long
Active
signal
$74.54
$76.11
$63.66
$83.45
0.82R
objective / filtered risk
2.03x
bullish
AJG
Arthur J. Gallagher & Co.
head shoulders top · short
Active
signal
$236.61
$239.54
$269.25
$209.81
0.82R
objective / filtered risk
0.93x
bullish
TXN
Texas Instruments Incorporated
triple top · short
Active
signal
$270.87
$264.74
$280.85
$238.55
0.81R
objective / filtered risk
0.84x
bullish
EYE
National Vision Holdings, Inc.
head shoulders top · short
Active
signal
$16.45
$18.11
$18.66
$13.60
0.81R
objective / filtered risk
0.80x
bearish
BEAM
Beam Therapeutics Inc.
triple top · short
Active
signal
$25.26
$24.67
$35.36
$17.12
0.81R
objective / filtered risk
0.78x
bearish
HON
Honeywell International Inc.
rectangle · short
Active
signal
$206.48
$204.72
$247.42
$173.80
0.80R
objective / filtered risk
1.20x
bearish
SRPT
Sarepta Therapeutics, Inc.
head shoulders top · short
Active
signal
$20.14
$20.80
$22.84
$17.98
0.80R
objective / filtered risk
0.52x
transition
VNT
Vontier Corporation
head shoulders top · short
Active
signal
$31.24
$32.39
$35.06
$28.22
0.79R
objective / filtered risk
0.82x
bearish
NTRS
Northern Trust Corporation
head shoulders top · short
Active
signal
$178.95
$179.36
$192.80
$168.03
0.79R
objective / filtered risk
0.75x
bullish
PCOR
Procore Technologies, Inc.
rectangle · short
Active
signal
$51.69
$51.80
$68.03
$38.81
0.79R
objective / filtered risk
0.62x
bearish
AEP
American Electric Power Company
head shoulders top · short
Active
signal
$120.03
$124.21
$131.25
$108.91
0.78R
objective / filtered risk
1.27x
transition
NXT
Nextpower Inc.
rectangle · short
Active
signal
$83.15
$83.74
$92.21
$59.09
0.78R
objective / filtered risk
0.78x
bearish
SBRA
Sabra Health Care REIT, Inc.
head shoulders top · short
Active
signal
$19.87
$20.26
$22.17
$18.08
0.78R
objective / filtered risk
0.68x
bullish
MNTN
MNTN, Inc.
rectangle · short
Active
signal
$11.36
$11.38
$14.34
$9.10
0.76R
objective / filtered risk
0.68x
bullish
CTAS
Cintas Corporation
head shoulders top · short
Active
signal
$196.88
$200.28
$214.85
$181.96
0.75R
objective / filtered risk
0.64x
bullish
GAP
Gap, Inc. (The)
head shoulders top · short
Active
signal
$21.25
$22.57
$22.70
$19.34
0.72R
objective / filtered risk
0.50x
bearish
IVZ
Invesco Ltd
rectangle · short
Active
signal
$31.38
$31.11
$35.34
$28.56
0.71R
objective / filtered risk
1.17x
bullish
CNK
Cinemark Holdings Inc Cinemark
rectangle · short
Active
signal
$36.25
$35.96
$38.01
$33.03
0.70R
objective / filtered risk
1.35x
bullish
Z
Zillow Group, Inc.
rectangle · short
Active
signal
$30.65
$31.03
$39.46
$24.48
0.70R
objective / filtered risk
1.02x
bearish
VMRK
Vivmark Residential
head shoulders top · short
Active
signal
$61.36
$63.21
$69.66
$55.66
0.69R
objective / filtered risk
1.15x
transition
POWI
Power Integrations, Inc.
rectangle · short
Active
signal
$49.51
$50.90
$55.81
$35.90
0.69R
objective / filtered risk
1.12x
transition
COLB
Columbia Banking System, Inc.
head shoulders top · short
Active
signal
$29.90
$30.41
$32.46
$27.55
0.68R
objective / filtered risk
0.69x
bullish
GH
Guardant Health, Inc.
rectangle · long
Active
signal
$173.87
$173.17
$146.30
$192.34
0.67R
objective / filtered risk
1.39x
bullish
GPN
Global Payments Inc.
rectangle · short
Active
signal
$85.29
$85.38
$100.39
$75.15
0.67R
objective / filtered risk
1.09x
bullish
ECHO
EchoStar Corporation
head shoulders top · short
Active
signal
$95.36
$101.85
$99.70
$71.92
0.67R
objective / filtered risk
0.52x
bearish
LGN
Legence Corp.
rectangle · short
Active
signal
$54.59
$56.08
$74.34
$41.36
0.67R
objective / filtered risk
0.49x
bearish
ZG
Zillow Group, Inc.
rectangle · short
Active
signal
$31.13
$31.75
$40.37
$25.05
0.66R
objective / filtered risk
1.14x
bearish
DLB
Dolby Laboratories
head shoulders top · short
Active
signal
$57.33
$59.18
$65.84
$51.74
0.66R
objective / filtered risk
0.88x
bearish
FFIN
First Financial Bankshares, Inc
head shoulders top · short
Active
signal
$32.74
$33.15
$35.12
$31.18
0.66R
objective / filtered risk
0.61x
bullish
SSB
SouthState Bank Corporation
head shoulders top · short
Active
signal
$103.11
$104.53
$112.61
$96.86
0.66R
objective / filtered risk
0.54x
bullish
MKSI
MKS Inc.
rectangle · short
Active
signal
$256.92
$264.29
$272.35
$199.54
0.65R
objective / filtered risk
0.66x
transition
NOMD
Nomad Foods Limited
rectangle · short
Active
signal
$10.60
$10.74
$13.19
$8.92
0.65R
objective / filtered risk
0.53x
transition
CXT
Crane NXT, Co.
head shoulders top · short
Active
signal
$45.77
$48.83
$54.76
$40.09
0.63R
objective / filtered risk
1.17x
transition
JBHT
J.B. Hunt Transport Services, I
head shoulders top · short
Active
signal
$236.17
$248.70
$279.42
$209.46
0.62R
objective / filtered risk
1.08x
transition
BA
Boeing Company (The)
triple top · short
Active
signal
$201.15
$203.90
$256.27
$166.92
0.62R
objective / filtered risk
0.95x
bearish
ZM
Zoom Communications, Inc.
rectangle · short
Active
signal
$90.90
$92.72
$114.22
$76.66
0.61R
objective / filtered risk
1.19x
transition
TSCO
Tractor Supply Company
rectangle · short
Active
signal
$32.33
$32.55
$37.92
$28.99
0.60R
objective / filtered risk
1.08x
bearish
GPRE
Green Plains, Inc.
head shoulders top · short
Active
signal
$14.85
$16.14
$16.83
$12.63
0.60R
objective / filtered risk
0.70x
bullish
PAX
Patria Investments Limited
triple top · short
Active
signal
$10.38
$10.40
$13.26
$8.68
0.59R
objective / filtered risk
1.04x
bearish
INVA
Innoviva, Inc.
rectangle · short
Active
signal
$21.04
$21.05
$22.79
$19.37
0.59R
objective / filtered risk
0.85x
bearish
MTG
MGIC Investment Corporation
head shoulders bottom · long
Active
signal
$29.45
$28.31
$28.46
$31.44
0.59R
objective / filtered risk
0.75x
bullish
OHI
Omega Healthcare Investors, Inc
head shoulders top · short
Active
signal
$46.83
$47.80
$51.75
$43.91
0.59R
objective / filtered risk
0.72x
bullish
PFE
Pfizer, Inc.
rectangle · long
Active
signal
$27.74
$27.40
$23.10
$30.48
0.59R
objective / filtered risk
0.72x
bullish
TOST
Toast, Inc.
head shoulders top · short
Active
signal
$29.80
$31.86
$35.41
$26.51
0.59R
objective / filtered risk
0.65x
transition
BHF
Brighthouse Financial, Inc.
rectangle · short
Active
signal
$49.84
$51.08
$63.36
$41.82
0.59R
objective / filtered risk
0.57x
bearish
SGRY
Surgery Partners, Inc.
head shoulders top · short
Active
signal
$13.66
$14.43
$15.83
$12.41
0.58R
objective / filtered risk
1.32x
transition
TAC
TransAlta Corporation
head shoulders top · short
Active
signal
$12.31
$12.81
$13.33
$10.84
0.58R
objective / filtered risk
0.97x
bearish
SDRL
Seadrill Limited
rectangle · long
Active
signal
$46.58
$45.88
$43.71
$51.27
0.58R
objective / filtered risk
0.49x
bullish
NKE
Nike, Inc.
rectangle · short
Active
signal
$36.10
$36.55
$42.96
$32.19
0.57R
objective / filtered risk
1.42x
bearish
PTCT
PTC Therapeutics, Inc.
head shoulders top · short
Active
signal
$65.26
$72.56
$76.31
$54.24
0.57R
objective / filtered risk
0.53x
bearish
IBN
ICICI Bank Limited
head shoulders top · short
Active
signal
$28.32
$28.63
$31.35
$26.59
0.57R
objective / filtered risk
0.44x
transition
RTX
RTX Corporation
rectangle · short
Active
signal
$194.34
$198.13
$237.73
$169.85
0.56R
objective / filtered risk
0.72x
bullish
ALSN
Allison Transmission Holdings,
rectangle · short
Active
signal
$118.86
$120.58
$141.39
$106.50
0.55R
objective / filtered risk
1.37x
bullish
SEDG
SolarEdge Technologies, Inc.
rectangle · long
Active
signal
$35.61
$34.66
$28.03
$39.81
0.55R
objective / filtered risk
0.91x
bearish
AEP
American Electric Power Company
rectangle · short
Active
signal
$120.03
$120.06
$133.92
$112.58
0.54R
objective / filtered risk
1.89x
transition
HLT
Hilton Worldwide Holdings Inc.
rectangle · short
Active
signal
$307.08
$309.07
$352.43
$282.49
0.54R
objective / filtered risk
1.15x
transition
GRMN
Garmin Ltd.
rectangle · short
Active
signal
$280.31
$283.70
$328.72
$254.34
0.54R
objective / filtered risk
0.67x
bullish
EW
Edwards Lifesciences Corporatio
rectangle · short
Active
signal
$88.34
$88.40
$98.61
$82.89
0.53R
objective / filtered risk
1.19x
bullish
MRSH
Marsh
rectangle · short
Active
signal
$172.72
$175.52
$205.45
$155.37
0.53R
objective / filtered risk
1.05x
transition
MCHP
Microchip Technology Incorporat
rectangle · short
Active
signal
$74.78
$77.53
$78.92
$63.60
0.53R
objective / filtered risk
0.79x
bearish
OR
OR Royalties Inc.
rectangle · long
Active
signal
$36.11
$34.71
$32.89
$40.94
0.53R
objective / filtered risk
0.58x
bearish
AER
AerCap Holdings N.V.
head shoulders top · short
Active
signal
$143.00
$146.93
$154.33
$135.48
0.52R
objective / filtered risk
1.06x
transition
BMY
Bristol-Myers Squibb Company
rectangle · short
Active
signal
$62.62
$63.15
$72.07
$57.66
0.52R
objective / filtered risk
0.84x
bullish
Candidate setups
The formation has the required context, but price has not completed its boundary break.
GWRE
Guidewire Software, Inc.
head shoulders top · short
Watching
setup
Price
$149.38
Trigger
$-1.50
Stop
$149.95
Objective
$-169.34
Objective / risk
559.16R
Volume
0.49x
transition primary screen
INTC
Intel Corporation
head shoulders top · short
Watching
setup
Price
$121.78
Trigger
$-17.70
Stop
$122.61
Objective
$-177.76
Objective / risk
360.89R
Volume
1.48x
bullish primary screen
FSLY
Fastly, Inc.
head shoulders top · short
Watching
setup
Price
$27.42
Trigger
$-86.56
Stop
$28.59
Objective
$-205.89
Objective / risk
199.41R
Volume
1.32x
bullish primary screen
EC
Ecopetrol S.A.
head shoulders top · short
Watching
setup
Price
$16.84
Trigger
$-2.00
Stop
$17.05
Objective
$-21.75
Objective / risk
183.76R
Volume
0.61x
bullish primary screen
BAND
Bandwidth Inc.
head shoulders top · short
Watching
setup
Price
$54.31
Trigger
$-109.56
Stop
$56.32
Objective
$-294.19
Objective / risk
173.38R
Volume
0.49x
bullish primary screen
TER
Teradyne, Inc.
head shoulders top · short
Watching
setup
Price
$381.54
Trigger
$-589.98
Stop
$404.09
Objective
$-1667.69
Objective / risk
90.87R
Volume
0.73x
bullish primary screen
FOXA
Fox Corporation
head shoulders top · short
Watching
setup
Price
$64.79
Trigger
$-13.76
Stop
$67.20
Objective
$-96.39
Objective / risk
66.88R
Volume
1.05x
transition primary screen
PVH
PVH Corp.
head shoulders top · short
Watching
setup
Price
$73.40
Trigger
$-460.22
Stop
$95.63
Objective
$-1021.14
Objective / risk
49.24R
Volume
0.74x
transition primary screen
MUR
Murphy Oil Corporation
head shoulders top · short
Watching
setup
Price
$36.18
Trigger
$-42.78
Stop
$39.93
Objective
$-127.19
Objective / risk
43.57R
Volume
0.80x
bullish primary screen
ALAB
Astera Labs, Inc.
head shoulders top · short
Watching
setup
Price
$340.74
Trigger
$-143.86
Stop
$371.70
Objective
$-724.19
Objective / risk
34.40R
Volume
1.13x
bullish primary screen
MOH
Molina Healthcare Inc
head shoulders top · short
Watching
setup
Price
$197.80
Trigger
$-87.64
Stop
$217.35
Objective
$-408.55
Objective / risk
31.02R
Volume
0.58x
bullish primary screen
GLW
Corning Incorporated
head shoulders top · short
Watching
setup
Price
$158.98
Trigger
$-29.97
Stop
$172.40
Objective
$-253.28
Objective / risk
30.72R
Volume
0.58x
bullish primary screen
ZVRA
Zevra Therapeutics, Inc.
head shoulders top · short
Watching
setup
Price
$11.67
Trigger
$-2.70
Stop
$12.76
Objective
$-20.43
Objective / risk
29.45R
Volume
0.42x
bullish primary screen
LRN
Stride, Inc.
head shoulders top · short
Watching
setup
Price
$79.50
Trigger
$-166.98
Stop
$97.32
Objective
$-435.57
Objective / risk
28.90R
Volume
1.34x
transition primary screen
PODD
Insulet Corporation
head shoulders top · short
Watching
setup
Price
$140.53
Trigger
$-155.36
Stop
$162.93
Objective
$-482.83
Objective / risk
27.83R
Volume
0.84x
bearish primary screen
ADI
Analog Devices, Inc.
head shoulders top · short
Watching
setup
Price
$383.00
Trigger
$-18.13
Stop
$419.44
Objective
$-466.81
Objective / risk
23.32R
Volume
0.75x
bullish primary screen
IREN
IREN LIMITED
head shoulders top · short
Watching
setup
Price
$47.23
Trigger
$-117.22
Stop
$63.90
Objective
$-305.16
Objective / risk
21.14R
Volume
0.80x
transition primary screen
HUT
Hut 8 Corp.
head shoulders top · short
Watching
setup
Price
$103.42
Trigger
$-34.19
Stop
$118.01
Objective
$-194.83
Objective / risk
20.44R
Volume
1.30x
bullish primary screen
KLAR
Klarna Group plc
head shoulders top · short
Watching
setup
Price
$13.68
Trigger
$-3.27
Stop
$15.82
Objective
$-27.54
Objective / risk
19.26R
Volume
0.81x
bearish primary screen
VECO
Veeco Instruments Inc.
head shoulders top · short
Watching
setup
Price
$44.22
Trigger
$-128.38
Stop
$64.25
Objective
$-333.15
Objective / risk
18.84R
Volume
0.39x
transition primary screen
RKLB
Rocket Lab Corporation
head shoulders top · short
Watching
setup
Price
$69.89
Trigger
$-67.08
Stop
$86.67
Objective
$-245.49
Objective / risk
18.79R
Volume
0.90x
bearish primary screen
FORM
FormFactor, Inc.
head shoulders top · short
Watching
setup
Price
$119.31
Trigger
$-116.90
Stop
$146.79
Objective
$-394.07
Objective / risk
18.68R
Volume
0.78x
bullish primary screen
VICR
Vicor Corporation
head shoulders top · short
Watching
setup
Price
$223.90
Trigger
$-244.44
Stop
$292.95
Objective
$-871.53
Objective / risk
15.86R
Volume
1.14x
bullish primary screen
IART
Integra LifeSciences Holdings C
head shoulders top · short
Watching
setup
Price
$15.59
Trigger
$-4.77
Stop
$19.26
Objective
$-30.03
Objective / risk
12.43R
Volume
0.93x
bullish primary screen
KVYO
Klaviyo, Inc. Series A
head shoulders top · short
Watching
setup
Price
$15.82
Trigger
$-4.03
Stop
$19.45
Objective
$-27.81
Objective / risk
12.02R
Volume
0.84x
bearish primary screen
AMKR
Amkor Technology, Inc.
head shoulders top · short
Watching
setup
Price
$52.19
Trigger
$-74.17
Stop
$77.21
Objective
$-235.43
Objective / risk
11.50R
Volume
0.52x
bearish primary screen
QDEL
QuidelOrtho Corporation
head shoulders top · short
Watching
setup
Price
$10.86
Trigger
$-16.13
Stop
$16.30
Objective
$-50.30
Objective / risk
11.24R
Volume
0.65x
bearish primary screen
ONTO
Onto Innovation Inc.
head shoulders top · short
Watching
setup
Price
$275.98
Trigger
$-194.57
Stop
$371.53
Objective
$-775.61
Objective / risk
11.01R
Volume
0.61x
bullish primary screen
COHR
Coherent Corp.
head shoulders top · short
Watching
setup
Price
$321.52
Trigger
$-109.37
Stop
$410.94
Objective
$-637.73
Objective / risk
10.73R
Volume
1.28x
bullish primary screen
FLEX
Flex Ltd.
head shoulders top · short
Watching
setup
Price
$111.61
Trigger
$-76.29
Stop
$152.68
Objective
$-318.40
Objective / risk
10.47R
Volume
0.37x
bullish primary screen
ESI
Element Solutions Inc.
head shoulders top · short
Watching
setup
Price
$33.42
Trigger
$-7.23
Stop
$43.13
Objective
$-62.44
Objective / risk
9.87R
Volume
0.56x
transition primary screen
CRM
Salesforce, Inc.
flag · long
Watching
setup
Price
$236.42
Trigger
$248.57
Stop
$229.59
Objective
$303.74
Objective / risk
9.86R
Volume
0.76x
bullish primary screen
AVGO
Broadcom Inc.
head shoulders top · short
Watching
setup
Price
$362.66
Trigger
$-17.30
Stop
$454.37
Objective
$-528.82
Objective / risk
9.72R
Volume
0.95x
transition primary screen
GFS
GlobalFoundries Inc.
head shoulders top · short
Watching
setup
Price
$48.57
Trigger
$-66.52
Stop
$75.77
Objective
$-215.84
Objective / risk
9.72R
Volume
0.83x
bearish primary screen
RSI
Rush Street Interactive, Inc.
head shoulders top · short
Watching
setup
Price
$21.57
Trigger
$-10.56
Stop
$30.38
Objective
$-53.27
Objective / risk
8.49R
Volume
1.82x
transition primary screen
LAZ
Lazard, Inc.
head shoulders top · short
Watching
setup
Price
$36.48
Trigger
$-10.08
Stop
$49.30
Objective
$-70.14
Objective / risk
8.32R
Volume
1.29x
bearish primary screen
RMBS
Rambus, Inc.
head shoulders top · short
Watching
setup
Price
$96.96
Trigger
$-49.20
Stop
$140.35
Objective
$-245.39
Objective / risk
7.89R
Volume
1.40x
bearish primary screen
HSAI
Hesai Group
head shoulders top · short
Watching
setup
Price
$17.37
Trigger
$-2.93
Stop
$23.66
Objective
$-30.27
Objective / risk
7.57R
Volume
0.64x
bearish primary screen
WDC
Western Digital Corporation
head shoulders top · short
Watching
setup
Price
$448.17
Trigger
$-100.34
Stop
$631.38
Objective
$-864.44
Objective / risk
7.16R
Volume
0.74x
bullish primary screen
SYNA
Synaptics Incorporated
head shoulders top · short
Watching
setup
Price
$95.36
Trigger
$-21.97
Stop
$136.57
Objective
$-190.78
Objective / risk
6.94R
Volume
0.36x
transition primary screen
LINC
Lincoln Educational Services Co
head shoulders top · short
Watching
setup
Price
$25.18
Trigger
$-35.37
Stop
$47.02
Objective
$-126.19
Objective / risk
6.93R
Volume
1.65x
bearish primary screen
VFC
V.F. Corporation
head shoulders top · short
Watching
setup
Price
$13.05
Trigger
$-2.53
Stop
$18.74
Objective
$-24.53
Objective / risk
6.60R
Volume
0.80x
bearish primary screen
POWI
Power Integrations, Inc.
head shoulders top · short
Watching
setup
Price
$49.51
Trigger
$-23.70
Stop
$78.34
Objective
$-131.05
Objective / risk
6.26R
Volume
0.65x
transition primary screen
APLD
Applied Digital Corporation
head shoulders top · short
Watching
setup
Price
$28.19
Trigger
$-24.78
Stop
$49.21
Objective
$-99.79
Objective / risk
6.09R
Volume
0.82x
bearish primary screen
NOK
Nokia Corporation Sponsored
head shoulders top · short
Watching
setup
Price
$10.94
Trigger
$-0.51
Stop
$15.82
Objective
$-18.48
Objective / risk
6.03R
Volume
0.68x
bullish primary screen
INCY
Incyte Corporation
head shoulders top · short
Watching
setup
Price
$124.65
Trigger
$119.68
Stop
$128.82
Objective
$106.75
Objective / risk
4.29R
Volume
0.61x
bullish primary screen
DOC
Healthpeak Properties, Inc.
head shoulders top · short
Watching
setup
Price
$20.72
Trigger
$20.00
Stop
$21.51
Objective
$18.31
Objective / risk
3.05R
Volume
1.06x
bullish primary screen
DASH
DoorDash, Inc.
head shoulders top · short
Watching
setup
Price
$193.83
Trigger
$186.91
Stop
$215.24
Objective
$134.99
Objective / risk
2.75R
Volume
1.15x
bullish primary screen
CHD
Church & Dwight Company, Inc.
head shoulders top · short
Watching
setup
Price
$95.49
Trigger
$91.66
Stop
$101.09
Objective
$80.08
Objective / risk
2.75R
Volume
1.03x
bullish primary screen
NTES
NetEase, Inc.
head shoulders top · short
Watching
setup
Price
$117.47
Trigger
$111.94
Stop
$125.83
Objective
$95.06
Objective / risk
2.68R
Volume
0.55x
transition primary screen
TPG
TPG Inc.
head shoulders top · short
Watching
setup
Price
$46.52
Trigger
$45.12
Stop
$50.68
Objective
$35.77
Objective / risk
2.58R
Volume
0.69x
transition primary screen
KRC
Kilroy Realty Corporation
head shoulders top · short
Watching
setup
Price
$34.59
Trigger
$33.24
Stop
$36.83
Objective
$28.96
Objective / risk
2.51R
Volume
0.84x
bullish primary screen
WELL
Welltower Inc.
head shoulders top · short
Watching
setup
Price
$232.76
Trigger
$221.97
Stop
$250.22
Objective
$189.71
Objective / risk
2.47R
Volume
0.91x
bullish primary screen
PEGA
Pegasystems Inc.
head shoulders bottom · long
Watching
setup
Price
$34.97
Trigger
$35.56
Stop
$32.93
Objective
$40.00
Objective / risk
2.47R
Volume
0.81x
bearish primary screen
DEO
Diageo plc
head shoulders top · short
Watching
setup
Price
$86.82
Trigger
$83.58
Stop
$93.93
Objective
$70.18
Objective / risk
2.34R
Volume
0.66x
bullish primary screen
GPRE
Green Plains, Inc.
head shoulders bottom · long
Watching
setup
Price
$14.85
Trigger
$15.58
Stop
$13.61
Objective
$17.73
Objective / risk
2.32R
Volume
0.70x
bullish primary screen
EBAY
eBay Inc.
head shoulders top · short
Watching
setup
Price
$108.30
Trigger
$103.71
Stop
$116.16
Objective
$90.16
Objective / risk
2.31R
Volume
1.12x
bullish primary screen
SEI
Solaris Energy Infrastructure,
head shoulders bottom · long
Watching
setup
Price
$69.09
Trigger
$71.60
Stop
$57.45
Objective
$95.49
Objective / risk
2.27R
Volume
0.92x
transition primary screen
AMH
American Homes 4 Rent
head shoulders top · short
Watching
setup
Price
$31.24
Trigger
$30.28
Stop
$33.56
Objective
$26.01
Objective / risk
2.25R
Volume
1.26x
bullish primary screen
SLG
SL Green Realty Corp
head shoulders top · short
Watching
setup
Price
$52.94
Trigger
$52.99
Stop
$56.08
Objective
$45.89
Objective / risk
2.25R
Volume
0.85x
bullish primary screen
SWK
Stanley Black & Decker, Inc.
head shoulders top · short
Watching
setup
Price
$88.68
Trigger
$84.60
Stop
$96.40
Objective
$71.40
Objective / risk
2.24R
Volume
0.79x
bullish primary screen
HMY
Harmony Gold Mining Company Lim
head shoulders top · short
Watching
setup
Price
$19.00
Trigger
$18.86
Stop
$21.23
Objective
$14.03
Objective / risk
2.23R
Volume
1.86x
bullish primary screen
HSBC
HSBC Holdings, plc.
head shoulders top · short
Watching
setup
Price
$103.21
Trigger
$98.75
Stop
$109.16
Objective
$90.09
Objective / risk
2.21R
Volume
0.75x
bullish primary screen
KGC
Kinross Gold Corporation
head shoulders top · short
Watching
setup
Price
$27.79
Trigger
$26.83
Stop
$30.27
Objective
$22.30
Objective / risk
2.21R
Volume
0.66x
bearish primary screen
VLY
Valley National Bancorp
head shoulders top · short
Watching
setup
Price
$13.40
Trigger
$12.87
Stop
$14.64
Objective
$10.71
Objective / risk
2.17R
Volume
1.09x
bullish primary screen
JAZZ
Jazz Pharmaceuticals plc
head shoulders top · short
Watching
setup
Price
$241.46
Trigger
$234.70
Stop
$259.68
Objective
$203.02
Objective / risk
2.11R
Volume
0.57x
bullish primary screen
EXC
Exelon Corporation
head shoulders top · short
Watching
setup
Price
$41.98
Trigger
$40.40
Stop
$46.55
Objective
$32.76
Objective / risk
2.02R
Volume
0.80x
bearish primary screen
EWBC
East West Bancorp, Inc.
head shoulders top · short
Watching
setup
Price
$127.77
Trigger
$122.90
Stop
$137.42
Objective
$108.32
Objective / risk
2.02R
Volume
0.75x
bullish primary screen
DOX
Amdocs Limited
head shoulders bottom · long
Watching
setup
Price
$59.48
Trigger
$60.31
Stop
$55.95
Objective
$66.56
Objective / risk
2.01R
Volume
0.61x
bearish primary screen
AGI
Alamos Gold Inc.
head shoulders top · short
Watching
setup
Price
$35.21
Trigger
$33.72
Stop
$37.99
Objective
$29.69
Objective / risk
1.99R
Volume
0.64x
bearish primary screen
NWBI
Northwest Bancshares, Inc.
head shoulders top · short
Watching
setup
Price
$15.30
Trigger
$14.72
Stop
$16.20
Objective
$13.53
Objective / risk
1.97R
Volume
0.73x
bullish primary screen
LEGN
Legend Biotech Corporation
falling wedge · long
Watching
setup
Price
$18.53
Trigger
$19.26
Stop
$17.54
Objective
$20.39
Objective / risk
1.88R
Volume
1.28x
bearish primary screen
F
Ford Motor Company
head shoulders top · short
Watching
setup
Price
$13.17
Trigger
$12.77
Stop
$15.16
Objective
$9.43
Objective / risk
1.88R
Volume
0.93x
transition primary screen
CFG
Citizens Financial Group, Inc.
head shoulders top · short
Watching
setup
Price
$67.36
Trigger
$64.71
Stop
$74.48
Objective
$54.10
Objective / risk
1.86R
Volume
0.75x
bullish primary screen
FIBK
First Interstate BancSystem, In
head shoulders top · short
Watching
setup
Price
$36.83
Trigger
$35.73
Stop
$39.84
Objective
$31.36
Objective / risk
1.82R
Volume
1.05x
bullish primary screen
PENG
Penguin Solutions, Inc.
head shoulders bottom · long
Watching
setup
Price
$54.91
Trigger
$56.76
Stop
$46.62
Objective
$69.91
Objective / risk
1.81R
Volume
0.55x
bullish primary screen
KEY
KeyCorp
head shoulders top · short
Watching
setup
Price
$20.87
Trigger
$20.02
Stop
$23.13
Objective
$16.80
Objective / risk
1.80R
Volume
1.38x
transition primary screen
PBA
Pembina Pipeline Corp.
head shoulders top · short
Watching
setup
Price
$46.39
Trigger
$44.95
Stop
$50.57
Objective
$38.89
Objective / risk
1.79R
Volume
1.28x
bullish primary screen
ES
Eversource Energy (D/B/A)
head shoulders top · short
Watching
setup
Price
$66.89
Trigger
$64.11
Stop
$75.50
Objective
$51.65
Objective / risk
1.77R
Volume
1.16x
transition primary screen
USB
U.S. Bancorp
head shoulders top · short
Watching
setup
Price
$60.44
Trigger
$58.16
Stop
$66.34
Objective
$50.24
Objective / risk
1.73R
Volume
0.97x
bullish primary screen
NI
NiSource Inc
rectangle · long
Watching
setup
Price
$40.52
Trigger
$42.38
Stop
$38.09
Objective
$44.67
Objective / risk
1.71R
Volume
1.60x
bearish primary screen
QTWO
Q2 Holdings, Inc.
head shoulders top · short
Watching
setup
Price
$57.93
Trigger
$56.03
Stop
$65.77
Objective
$44.55
Objective / risk
1.71R
Volume
0.64x
bullish primary screen
SF
Stifel Financial Corporation
head shoulders top · short
Watching
setup
Price
$75.72
Trigger
$72.59
Stop
$85.39
Objective
$59.36
Objective / risk
1.69R
Volume
0.76x
transition primary screen
Symbol
State
Price
Trigger
Stop
Objective
Reward
Volume
Primary screen
GWRE
Guidewire Software, Inc.
head shoulders top · short
Watching
setup
$149.38
$-1.50
$149.95
$-169.34
559.16R
objective / filtered risk
0.49x
transition
INTC
Intel Corporation
head shoulders top · short
Watching
setup
$121.78
$-17.70
$122.61
$-177.76
360.89R
objective / filtered risk
1.48x
bullish
FSLY
Fastly, Inc.
head shoulders top · short
Watching
setup
$27.42
$-86.56
$28.59
$-205.89
199.41R
objective / filtered risk
1.32x
bullish
EC
Ecopetrol S.A.
head shoulders top · short
Watching
setup
$16.84
$-2.00
$17.05
$-21.75
183.76R
objective / filtered risk
0.61x
bullish
BAND
Bandwidth Inc.
head shoulders top · short
Watching
setup
$54.31
$-109.56
$56.32
$-294.19
173.38R
objective / filtered risk
0.49x
bullish
TER
Teradyne, Inc.
head shoulders top · short
Watching
setup
$381.54
$-589.98
$404.09
$-1667.69
90.87R
objective / filtered risk
0.73x
bullish
FOXA
Fox Corporation
head shoulders top · short
Watching
setup
$64.79
$-13.76
$67.20
$-96.39
66.88R
objective / filtered risk
1.05x
transition
PVH
PVH Corp.
head shoulders top · short
Watching
setup
$73.40
$-460.22
$95.63
$-1021.14
49.24R
objective / filtered risk
0.74x
transition
MUR
Murphy Oil Corporation
head shoulders top · short
Watching
setup
$36.18
$-42.78
$39.93
$-127.19
43.57R
objective / filtered risk
0.80x
bullish
ALAB
Astera Labs, Inc.
head shoulders top · short
Watching
setup
$340.74
$-143.86
$371.70
$-724.19
34.40R
objective / filtered risk
1.13x
bullish
MOH
Molina Healthcare Inc
head shoulders top · short
Watching
setup
$197.80
$-87.64
$217.35
$-408.55
31.02R
objective / filtered risk
0.58x
bullish
GLW
Corning Incorporated
head shoulders top · short
Watching
setup
$158.98
$-29.97
$172.40
$-253.28
30.72R
objective / filtered risk
0.58x
bullish
ZVRA
Zevra Therapeutics, Inc.
head shoulders top · short
Watching
setup
$11.67
$-2.70
$12.76
$-20.43
29.45R
objective / filtered risk
0.42x
bullish
LRN
Stride, Inc.
head shoulders top · short
Watching
setup
$79.50
$-166.98
$97.32
$-435.57
28.90R
objective / filtered risk
1.34x
transition
PODD
Insulet Corporation
head shoulders top · short
Watching
setup
$140.53
$-155.36
$162.93
$-482.83
27.83R
objective / filtered risk
0.84x
bearish
ADI
Analog Devices, Inc.
head shoulders top · short
Watching
setup
$383.00
$-18.13
$419.44
$-466.81
23.32R
objective / filtered risk
0.75x
bullish
IREN
IREN LIMITED
head shoulders top · short
Watching
setup
$47.23
$-117.22
$63.90
$-305.16
21.14R
objective / filtered risk
0.80x
transition
HUT
Hut 8 Corp.
head shoulders top · short
Watching
setup
$103.42
$-34.19
$118.01
$-194.83
20.44R
objective / filtered risk
1.30x
bullish
KLAR
Klarna Group plc
head shoulders top · short
Watching
setup
$13.68
$-3.27
$15.82
$-27.54
19.26R
objective / filtered risk
0.81x
bearish
VECO
Veeco Instruments Inc.
head shoulders top · short
Watching
setup
$44.22
$-128.38
$64.25
$-333.15
18.84R
objective / filtered risk
0.39x
transition
RKLB
Rocket Lab Corporation
head shoulders top · short
Watching
setup
$69.89
$-67.08
$86.67
$-245.49
18.79R
objective / filtered risk
0.90x
bearish
FORM
FormFactor, Inc.
head shoulders top · short
Watching
setup
$119.31
$-116.90
$146.79
$-394.07
18.68R
objective / filtered risk
0.78x
bullish
VICR
Vicor Corporation
head shoulders top · short
Watching
setup
$223.90
$-244.44
$292.95
$-871.53
15.86R
objective / filtered risk
1.14x
bullish
IART
Integra LifeSciences Holdings C
head shoulders top · short
Watching
setup
$15.59
$-4.77
$19.26
$-30.03
12.43R
objective / filtered risk
0.93x
bullish
KVYO
Klaviyo, Inc. Series A
head shoulders top · short
Watching
setup
$15.82
$-4.03
$19.45
$-27.81
12.02R
objective / filtered risk
0.84x
bearish
AMKR
Amkor Technology, Inc.
head shoulders top · short
Watching
setup
$52.19
$-74.17
$77.21
$-235.43
11.50R
objective / filtered risk
0.52x
bearish
QDEL
QuidelOrtho Corporation
head shoulders top · short
Watching
setup
$10.86
$-16.13
$16.30
$-50.30
11.24R
objective / filtered risk
0.65x
bearish
ONTO
Onto Innovation Inc.
head shoulders top · short
Watching
setup
$275.98
$-194.57
$371.53
$-775.61
11.01R
objective / filtered risk
0.61x
bullish
COHR
Coherent Corp.
head shoulders top · short
Watching
setup
$321.52
$-109.37
$410.94
$-637.73
10.73R
objective / filtered risk
1.28x
bullish
FLEX
Flex Ltd.
head shoulders top · short
Watching
setup
$111.61
$-76.29
$152.68
$-318.40
10.47R
objective / filtered risk
0.37x
bullish
ESI
Element Solutions Inc.
head shoulders top · short
Watching
setup
$33.42
$-7.23
$43.13
$-62.44
9.87R
objective / filtered risk
0.56x
transition
CRM
Salesforce, Inc.
flag · long
Watching
setup
$236.42
$248.57
$229.59
$303.74
9.86R
objective / filtered risk
0.76x
bullish
AVGO
Broadcom Inc.
head shoulders top · short
Watching
setup
$362.66
$-17.30
$454.37
$-528.82
9.72R
objective / filtered risk
0.95x
transition
GFS
GlobalFoundries Inc.
head shoulders top · short
Watching
setup
$48.57
$-66.52
$75.77
$-215.84
9.72R
objective / filtered risk
0.83x
bearish
RSI
Rush Street Interactive, Inc.
head shoulders top · short
Watching
setup
$21.57
$-10.56
$30.38
$-53.27
8.49R
objective / filtered risk
1.82x
transition
LAZ
Lazard, Inc.
head shoulders top · short
Watching
setup
$36.48
$-10.08
$49.30
$-70.14
8.32R
objective / filtered risk
1.29x
bearish
RMBS
Rambus, Inc.
head shoulders top · short
Watching
setup
$96.96
$-49.20
$140.35
$-245.39
7.89R
objective / filtered risk
1.40x
bearish
HSAI
Hesai Group
head shoulders top · short
Watching
setup
$17.37
$-2.93
$23.66
$-30.27
7.57R
objective / filtered risk
0.64x
bearish
WDC
Western Digital Corporation
head shoulders top · short
Watching
setup
$448.17
$-100.34
$631.38
$-864.44
7.16R
objective / filtered risk
0.74x
bullish
SYNA
Synaptics Incorporated
head shoulders top · short
Watching
setup
$95.36
$-21.97
$136.57
$-190.78
6.94R
objective / filtered risk
0.36x
transition
LINC
Lincoln Educational Services Co
head shoulders top · short
Watching
setup
$25.18
$-35.37
$47.02
$-126.19
6.93R
objective / filtered risk
1.65x
bearish
VFC
V.F. Corporation
head shoulders top · short
Watching
setup
$13.05
$-2.53
$18.74
$-24.53
6.60R
objective / filtered risk
0.80x
bearish
POWI
Power Integrations, Inc.
head shoulders top · short
Watching
setup
$49.51
$-23.70
$78.34
$-131.05
6.26R
objective / filtered risk
0.65x
transition
APLD
Applied Digital Corporation
head shoulders top · short
Watching
setup
$28.19
$-24.78
$49.21
$-99.79
6.09R
objective / filtered risk
0.82x
bearish
NOK
Nokia Corporation Sponsored
head shoulders top · short
Watching
setup
$10.94
$-0.51
$15.82
$-18.48
6.03R
objective / filtered risk
0.68x
bullish
INCY
Incyte Corporation
head shoulders top · short
Watching
setup
$124.65
$119.68
$128.82
$106.75
4.29R
objective / filtered risk
0.61x
bullish
DOC
Healthpeak Properties, Inc.
head shoulders top · short
Watching
setup
$20.72
$20.00
$21.51
$18.31
3.05R
objective / filtered risk
1.06x
bullish
DASH
DoorDash, Inc.
head shoulders top · short
Watching
setup
$193.83
$186.91
$215.24
$134.99
2.75R
objective / filtered risk
1.15x
bullish
CHD
Church & Dwight Company, Inc.
head shoulders top · short
Watching
setup
$95.49
$91.66
$101.09
$80.08
2.75R
objective / filtered risk
1.03x
bullish
NTES
NetEase, Inc.
head shoulders top · short
Watching
setup
$117.47
$111.94
$125.83
$95.06
2.68R
objective / filtered risk
0.55x
transition
TPG
TPG Inc.
head shoulders top · short
Watching
setup
$46.52
$45.12
$50.68
$35.77
2.58R
objective / filtered risk
0.69x
transition
KRC
Kilroy Realty Corporation
head shoulders top · short
Watching
setup
$34.59
$33.24
$36.83
$28.96
2.51R
objective / filtered risk
0.84x
bullish
WELL
Welltower Inc.
head shoulders top · short
Watching
setup
$232.76
$221.97
$250.22
$189.71
2.47R
objective / filtered risk
0.91x
bullish
PEGA
Pegasystems Inc.
head shoulders bottom · long
Watching
setup
$34.97
$35.56
$32.93
$40.00
2.47R
objective / filtered risk
0.81x
bearish
DEO
Diageo plc
head shoulders top · short
Watching
setup
$86.82
$83.58
$93.93
$70.18
2.34R
objective / filtered risk
0.66x
bullish
GPRE
Green Plains, Inc.
head shoulders bottom · long
Watching
setup
$14.85
$15.58
$13.61
$17.73
2.32R
objective / filtered risk
0.70x
bullish
EBAY
eBay Inc.
head shoulders top · short
Watching
setup
$108.30
$103.71
$116.16
$90.16
2.31R
objective / filtered risk
1.12x
bullish
SEI
Solaris Energy Infrastructure,
head shoulders bottom · long
Watching
setup
$69.09
$71.60
$57.45
$95.49
2.27R
objective / filtered risk
0.92x
transition
AMH
American Homes 4 Rent
head shoulders top · short
Watching
setup
$31.24
$30.28
$33.56
$26.01
2.25R
objective / filtered risk
1.26x
bullish
SLG
SL Green Realty Corp
head shoulders top · short
Watching
setup
$52.94
$52.99
$56.08
$45.89
2.25R
objective / filtered risk
0.85x
bullish
SWK
Stanley Black & Decker, Inc.
head shoulders top · short
Watching
setup
$88.68
$84.60
$96.40
$71.40
2.24R
objective / filtered risk
0.79x
bullish
HMY
Harmony Gold Mining Company Lim
head shoulders top · short
Watching
setup
$19.00
$18.86
$21.23
$14.03
2.23R
objective / filtered risk
1.86x
bullish
HSBC
HSBC Holdings, plc.
head shoulders top · short
Watching
setup
$103.21
$98.75
$109.16
$90.09
2.21R
objective / filtered risk
0.75x
bullish
KGC
Kinross Gold Corporation
head shoulders top · short
Watching
setup
$27.79
$26.83
$30.27
$22.30
2.21R
objective / filtered risk
0.66x
bearish
VLY
Valley National Bancorp
head shoulders top · short
Watching
setup
$13.40
$12.87
$14.64
$10.71
2.17R
objective / filtered risk
1.09x
bullish
JAZZ
Jazz Pharmaceuticals plc
head shoulders top · short
Watching
setup
$241.46
$234.70
$259.68
$203.02
2.11R
objective / filtered risk
0.57x
bullish
EXC
Exelon Corporation
head shoulders top · short
Watching
setup
$41.98
$40.40
$46.55
$32.76
2.02R
objective / filtered risk
0.80x
bearish
EWBC
East West Bancorp, Inc.
head shoulders top · short
Watching
setup
$127.77
$122.90
$137.42
$108.32
2.02R
objective / filtered risk
0.75x
bullish
DOX
Amdocs Limited
head shoulders bottom · long
Watching
setup
$59.48
$60.31
$55.95
$66.56
2.01R
objective / filtered risk
0.61x
bearish
AGI
Alamos Gold Inc.
head shoulders top · short
Watching
setup
$35.21
$33.72
$37.99
$29.69
1.99R
objective / filtered risk
0.64x
bearish
NWBI
Northwest Bancshares, Inc.
head shoulders top · short
Watching
setup
$15.30
$14.72
$16.20
$13.53
1.97R
objective / filtered risk
0.73x
bullish
LEGN
Legend Biotech Corporation
falling wedge · long
Watching
setup
$18.53
$19.26
$17.54
$20.39
1.88R
objective / filtered risk
1.28x
bearish
F
Ford Motor Company
head shoulders top · short
Watching
setup
$13.17
$12.77
$15.16
$9.43
1.88R
objective / filtered risk
0.93x
transition
CFG
Citizens Financial Group, Inc.
head shoulders top · short
Watching
setup
$67.36
$64.71
$74.48
$54.10
1.86R
objective / filtered risk
0.75x
bullish
FIBK
First Interstate BancSystem, In
head shoulders top · short
Watching
setup
$36.83
$35.73
$39.84
$31.36
1.82R
objective / filtered risk
1.05x
bullish
PENG
Penguin Solutions, Inc.
head shoulders bottom · long
Watching
setup
$54.91
$56.76
$46.62
$69.91
1.81R
objective / filtered risk
0.55x
bullish
KEY
KeyCorp
head shoulders top · short
Watching
setup
$20.87
$20.02
$23.13
$16.80
1.80R
objective / filtered risk
1.38x
transition
PBA
Pembina Pipeline Corp.
head shoulders top · short
Watching
setup
$46.39
$44.95
$50.57
$38.89
1.79R
objective / filtered risk
1.28x
bullish
ES
Eversource Energy (D/B/A)
head shoulders top · short
Watching
setup
$66.89
$64.11
$75.50
$51.65
1.77R
objective / filtered risk
1.16x
transition
USB
U.S. Bancorp
head shoulders top · short
Watching
setup
$60.44
$58.16
$66.34
$50.24
1.73R
objective / filtered risk
0.97x
bullish
NI
NiSource Inc
rectangle · long
Watching
setup
$40.52
$42.38
$38.09
$44.67
1.71R
objective / filtered risk
1.60x
bearish
QTWO
Q2 Holdings, Inc.
head shoulders top · short
Watching
setup
$57.93
$56.03
$65.77
$44.55
1.71R
objective / filtered risk
0.64x
bullish
SF
Stifel Financial Corporation
head shoulders top · short
Watching
setup
$75.72
$72.59
$85.39
$59.36
1.69R
objective / filtered risk
0.76x
transition
Warnings
These events can matter, but they need later price confirmation before they become signals.
DNLI
Denali Therapeutics Inc.
key reversal · long
Watching
warning
Price
$20.47
Trigger
$20.55
Stop
$18.43
Objective
$25.37
Objective / risk
2.40R
Volume
1.70x
transition primary screen
FRO
Frontline Plc
key reversal · short
Watching
warning
Price
$49.81
Trigger
$49.46
Stop
$55.09
Objective
$38.56
Objective / risk
2.13R
Volume
1.57x
bullish primary screen
MPC
Marathon Petroleum Corporation
key reversal · short
Watching
warning
Price
$402.38
Trigger
$399.55
Stop
$452.63
Objective
$347.67
Objective / risk
1.09R
Volume
1.52x
bullish primary screen
ARX
Accelerant Holdings
key reversal · long
Watching
warning
Price
$19.78
Trigger
$19.79
Stop
$18.53
Objective
$19.90
Objective / risk
0.10R
Volume
1.62x
bullish primary screen
WBD
Warner Bros. Discovery, Inc. -
gap event · long
Watching
warning
Price
$30.80
Trigger
$29.66
Stop
$26.72
Objective
$30.80
Objective / risk
0.00R
Volume
8.12x
transition primary screen
ZTO
ZTO Express (Cayman) Inc.
gap event · short
Watching
warning
Price
$19.45
Trigger
$20.09
Stop
$21.83
Objective
$19.45
Objective / risk
0.00R
Volume
4.73x
bearish primary screen
NVO
Novo Nordisk A/S
gap event · short
Watching
warning
Price
$39.80
Trigger
$41.17
Stop
$44.92
Objective
$39.80
Objective / risk
0.00R
Volume
4.14x
transition primary screen
ARM
Arm Holdings plc
gap event · long
Watching
warning
Price
$322.90
Trigger
$293.08
Stop
$261.99
Objective
$322.90
Objective / risk
0.00R
Volume
2.87x
bullish primary screen
GRPN
Groupon, Inc.
gap event · long
Watching
warning
Price
$22.05
Trigger
$19.45
Stop
$18.14
Objective
$22.05
Objective / risk
0.00R
Volume
2.24x
bullish primary screen
RSI
Rush Street Interactive, Inc.
gap event · short
Watching
warning
Price
$21.57
Trigger
$23.24
Stop
$24.43
Objective
$21.57
Objective / risk
0.00R
Volume
1.99x
transition primary screen
INTC
Intel Corporation
gap event · long
Watching
warning
Price
$121.78
Trigger
$114.93
Stop
$104.97
Objective
$121.78
Objective / risk
0.00R
Volume
1.85x
bullish primary screen
SNX
TD SYNNEX Corporation
gap event · long
Watching
warning
Price
$279.59
Trigger
$270.93
Stop
$255.55
Objective
$279.59
Objective / risk
0.00R
Volume
1.81x
bullish primary screen
RMBS
Rambus, Inc.
gap event · long
Watching
warning
Price
$96.96
Trigger
$88.38
Stop
$83.54
Objective
$96.96
Objective / risk
0.00R
Volume
1.74x
bearish primary screen
ALAB
Astera Labs, Inc.
gap event · long
Watching
warning
Price
$340.74
Trigger
$308.34
Stop
$288.75
Objective
$340.74
Objective / risk
0.00R
Volume
1.63x
bullish primary screen
MXL
MaxLinear, Inc
gap event · long
Watching
warning
Price
$85.98
Trigger
$83.10
Stop
$77.83
Objective
$85.98
Objective / risk
0.00R
Volume
1.62x
bullish primary screen
LI
Li Auto Inc.
gap event · short
Watching
warning
Price
$11.52
Trigger
$11.70
Stop
$12.64
Objective
$11.52
Objective / risk
0.00R
Volume
1.60x
bearish primary screen
HMC
Honda Motor Company, Ltd.
gap event · long
Watching
warning
Price
$32.53
Trigger
$32.42
Stop
$30.73
Objective
$32.53
Objective / risk
0.00R
Volume
1.56x
bullish primary screen
MSTR
Strategy Inc
gap event · long
Watching
warning
Price
$168.50
Trigger
$164.55
Stop
$146.32
Objective
$168.50
Objective / risk
0.00R
Volume
1.46x
transition primary screen
OUST
Ouster, Inc.
gap event · long
Watching
warning
Price
$38.12
Trigger
$35.99
Stop
$34.04
Objective
$38.12
Objective / risk
0.00R
Volume
1.45x
bullish primary screen
AXTI
AXT Inc
gap event · long
Watching
warning
Price
$79.93
Trigger
$72.77
Stop
$67.74
Objective
$79.93
Objective / risk
0.00R
Volume
1.44x
bullish primary screen
BLSH
Bullish
gap event · long
Watching
warning
Price
$40.14
Trigger
$38.72
Stop
$36.64
Objective
$40.14
Objective / risk
0.00R
Volume
1.42x
transition primary screen
COHU
Cohu, Inc.
gap event · long
Watching
warning
Price
$60.62
Trigger
$58.08
Stop
$55.07
Objective
$60.62
Objective / risk
0.00R
Volume
1.41x
bullish primary screen
AMAT
Applied Materials, Inc.
gap event · long
Watching
warning
Price
$464.24
Trigger
$452.65
Stop
$422.75
Objective
$464.24
Objective / risk
0.00R
Volume
1.40x
bullish primary screen
MOD
Modine Manufacturing Company
gap event · long
Watching
warning
Price
$197.62
Trigger
$191.58
Stop
$181.26
Objective
$197.62
Objective / risk
0.00R
Volume
1.40x
bearish primary screen
CNK
Cinemark Holdings Inc Cinemark
gap event · long
Watching
warning
Price
$36.25
Trigger
$35.06
Stop
$33.30
Objective
$36.25
Objective / risk
0.00R
Volume
1.39x
bullish primary screen
Symbol
State
Price
Trigger
Stop
Objective
Reward
Volume
Primary screen
DNLI
Denali Therapeutics Inc.
key reversal · long
Watching
warning
$20.47
$20.55
$18.43
$25.37
2.40R
objective / filtered risk
1.70x
transition
FRO
Frontline Plc
key reversal · short
Watching
warning
$49.81
$49.46
$55.09
$38.56
2.13R
objective / filtered risk
1.57x
bullish
MPC
Marathon Petroleum Corporation
key reversal · short
Watching
warning
$402.38
$399.55
$452.63
$347.67
1.09R
objective / filtered risk
1.52x
bullish
ARX
Accelerant Holdings
key reversal · long
Watching
warning
$19.78
$19.79
$18.53
$19.90
0.10R
objective / filtered risk
1.62x
bullish
WBD
Warner Bros. Discovery, Inc. -
gap event · long
Watching
warning
$30.80
$29.66
$26.72
$30.80
0.00R
objective / filtered risk
8.12x
transition
ZTO
ZTO Express (Cayman) Inc.
gap event · short
Watching
warning
$19.45
$20.09
$21.83
$19.45
0.00R
objective / filtered risk
4.73x
bearish
NVO
Novo Nordisk A/S
gap event · short
Watching
warning
$39.80
$41.17
$44.92
$39.80
0.00R
objective / filtered risk
4.14x
transition
ARM
Arm Holdings plc
gap event · long
Watching
warning
$322.90
$293.08
$261.99
$322.90
0.00R
objective / filtered risk
2.87x
bullish
GRPN
Groupon, Inc.
gap event · long
Watching
warning
$22.05
$19.45
$18.14
$22.05
0.00R
objective / filtered risk
2.24x
bullish
RSI
Rush Street Interactive, Inc.
gap event · short
Watching
warning
$21.57
$23.24
$24.43
$21.57
0.00R
objective / filtered risk
1.99x
transition
INTC
Intel Corporation
gap event · long
Watching
warning
$121.78
$114.93
$104.97
$121.78
0.00R
objective / filtered risk
1.85x
bullish
SNX
TD SYNNEX Corporation
gap event · long
Watching
warning
$279.59
$270.93
$255.55
$279.59
0.00R
objective / filtered risk
1.81x
bullish
RMBS
Rambus, Inc.
gap event · long
Watching
warning
$96.96
$88.38
$83.54
$96.96
0.00R
objective / filtered risk
1.74x
bearish
ALAB
Astera Labs, Inc.
gap event · long
Watching
warning
$340.74
$308.34
$288.75
$340.74
0.00R
objective / filtered risk
1.63x
bullish
MXL
MaxLinear, Inc
gap event · long
Watching
warning
$85.98
$83.10
$77.83
$85.98
0.00R
objective / filtered risk
1.62x
bullish
LI
Li Auto Inc.
gap event · short
Watching
warning
$11.52
$11.70
$12.64
$11.52
0.00R
objective / filtered risk
1.60x
bearish
HMC
Honda Motor Company, Ltd.
gap event · long
Watching
warning
$32.53
$32.42
$30.73
$32.53
0.00R
objective / filtered risk
1.56x
bullish
MSTR
Strategy Inc
gap event · long
Watching
warning
$168.50
$164.55
$146.32
$168.50
0.00R
objective / filtered risk
1.46x
transition
OUST
Ouster, Inc.
gap event · long
Watching
warning
$38.12
$35.99
$34.04
$38.12
0.00R
objective / filtered risk
1.45x
bullish
AXTI
AXT Inc
gap event · long
Watching
warning
$79.93
$72.77
$67.74
$79.93
0.00R
objective / filtered risk
1.44x
bullish
BLSH
Bullish
gap event · long
Watching
warning
$40.14
$38.72
$36.64
$40.14
0.00R
objective / filtered risk
1.42x
transition
COHU
Cohu, Inc.
gap event · long
Watching
warning
$60.62
$58.08
$55.07
$60.62
0.00R
objective / filtered risk
1.41x
bullish
AMAT
Applied Materials, Inc.
gap event · long
Watching
warning
$464.24
$452.65
$422.75
$464.24
0.00R
objective / filtered risk
1.40x
bullish
MOD
Modine Manufacturing Company
gap event · long
Watching
warning
$197.62
$191.58
$181.26
$197.62
0.00R
objective / filtered risk
1.40x
bearish
CNK
Cinemark Holdings Inc Cinemark
gap event · long
Watching
warning
$36.25
$35.06
$33.30
$36.25
0.00R
objective / filtered risk
1.39x
bullish
Terms
TA
Technical analysis. It examines price, volume, trend, and chart structure.
Setup
A chart condition that is under observation. It is not a confirmed entry.
Trigger
The price event that completes the formation rule.
Formation
A recognizable price structure with boundaries and a completion rule.
Entry analysis
A contextual chart review that runs after the deterministic screen.
Basing Point
A confirmed reaction point that can advance a protective stop.
Primary trend
The major bull or bear movement. It usually lasts for many months or years.
Primary screen
A preliminary nocap.trade classification. It is bullish when price and the 50-day average are above the 200-day average. It is bearish when both are at or below the 200-day average. Otherwise, it is transition.
Secondary reaction
A significant counter-move within the primary trend.
Minor trend
A short fluctuation with limited importance for the primary trend.
50-session and 10-session states
Preliminary price-change screens for secondary and minor movement. They do not replace the full chart analysis.
Bullish trend
A rising trend with successively higher significant highs and reaction lows.
Bearish trend
A falling trend with successively lower significant highs and reaction lows.
Transition
A nocap.trade primary-screen label. Price and the 50-day average do not agree relative to the 200-day average. It is not a formal trend class or a confirmed reversal.
Structural stop
A protective level beyond the chart point that invalidates the setup.
Stop filter
A price allowance beyond a structural anchor. It helps the position withstand normal movement.
R
Planned risk from the current price to the filtered stop.
Minimum objective
A formation-based price projection. It is not a guaranteed target.