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targetentrystop

Channel down

bearish

The highs and the lows are falling together at a similar rate, so the range is drifting downwards.

It runs until a close leaves one of the two parallel lines, most often the upper one.

  • Each of the two lines is fitted through at least 3 turning points, 4 across the shape.
  • Every turning point must sit within 1.5% of its own line.

29 in it now · 24 forming · 5 broke out · read from the close of 2026-09-01

STWDStarwood Property Trust · Financialsforming

69 sessions in · 0.4% below entry

STWD — closes with its channel-down drawn ontarget 14.95entry 15.60stop 16.5328 Apr1 Sep · 15.53
entry15.60
stop16.53
target14.95

TOLToll Brothers · Consumer Discretionaryforming

28 sessions in · 0.5% below entry

TOL — closes with its channel-down drawn ontarget 131.32entry 140.86stop 150.201 Jul1 Sep · 140.21
entry140.86
stop150.20
target131.32

XELXcel Energy · Utilitiesforming

46 sessions in · 0.6% above entry

XEL — closes with its channel-down drawn ontarget 73.05entry 75.46stop 79.031 Jun1 Sep · 75.89
entry75.46
stop79.03
target73.05

NG.LNational Grid plcforming

44 sessions in · 0.7% above entry

NG.L — closes with its channel-down drawn ontarget 11.07entry 11.56stop 12.045 Jun1 Sep · 11.64
entry11.56
stop12.04
target11.07

WMKWEIS MARKETS INC · Consumer Staplesforming

54 sessions in · 1.1% above entry

WMK — closes with its channel-down drawn ontarget 63.58entry 69.23stop 75.5319 May1 Sep · 69.98
entry69.23
stop75.53
target63.58

also reading: double top, bearish, 40 sessions in

MSMMSC Industrial Direct · Industrialsforming

24 sessions in · 1.2% above entry

MSM — closes with its channel-down drawn ontarget 109.72entry 116.32stop 121.988 Jul1 Sep · 117.74
entry116.32
stop121.98
target109.72

RPAYREPAY HOLDINGS CORP CLASS A · Financialsforming

45 sessions in · 1.7% above entry

RPAY — closes with its channel-down drawn ontarget 2.87entry 3.45stop 3.982 Jun1 Sep · 3.51
entry3.45
stop3.98
target2.87

MTXMINERALS TECHNOLOGIES INC · Materialsforming

59 sessions in · 1.9% above entry

MTX — closes with its channel-down drawn ontarget 62.88entry 69.43stop 75.1812 May1 Sep · 70.76
entry69.43
stop75.18
target62.88

also reading: double bottom, bullish, 38 sessions in

WECWEC Energy Group · Utilitiesforming

30 sessions in · 2.7% above entry

WEC — closes with its channel-down drawn ontarget 97.94entry 103.28stop 108.2729 Jun1 Sep · 106.20
entry103.28
stop108.27
target97.94

SIGISELECTIVE INSURANCE GROUP INC · Financialsforming

42 sessions in · 3.0% above entry

SIGI — closes with its channel-down drawn ontarget 83.30entry 88.50stop 94.355 Jun1 Sep · 91.21
entry88.50
stop94.35
target83.30

MCDMcDonald's · Consumer Discretionaryforming

58 sessions in · 3.0% above entry

MCD — closes with its channel-down drawn ontarget 235.04entry 253.19stop 270.0413 May1 Sep · 261.11
entry253.19
stop270.04
target235.04

also reading: descending triangle, either side, 53 sessions in

EVREvercore · Financialsforming

50 sessions in · 3.3% above entry

EVR — closes with its channel-down drawn ontarget 248.17entry 276.83stop 306.4322 May1 Sep · 286.23
entry276.83
stop306.43
target248.17

DTEDTE Energy · Utilitiesforming

30 sessions in · 3.6% above entry

DTE — closes with its channel-down drawn ontarget 124.65entry 131.22stop 135.4429 Jun1 Sep · 136.06
entry131.22
stop135.44
target124.65

UTHRUnited Therapeutics · Health Careforming

85 sessions in · 3.8% above entry

UTHR — closes with its channel-down drawn ontarget 456.15entry 493.15stop 524.066 Apr1 Sep · 512.70
entry493.15
stop524.06
target456.15

also reading: falling wedge, bullish, 51 sessions in

PPGPPG Industries · Materialsforming

42 sessions in · 4.0% above entry

PPG — closes with its channel-down drawn ontarget 95.75entry 105.30stop 114.425 Jun1 Sep · 109.70
entry105.30
stop114.42
target95.75

CWK.LCranswickforming

56 sessions in · 4.3% above entry

CWK.L — closes with its channel-down drawn ontarget 48.75entry 51.09stop 54.1728 Apr1 Sep · 53.40
entry51.09
stop54.17
target48.75

LGCYLegacy Education Inc. · Consumer Discretionaryforming

82 sessions in · 4.9% above entry

LGCY — closes with its channel-down drawn ontarget 8.64entry 10.28stop 12.119 Apr1 Sep · 10.81
entry10.28
stop12.11
target8.64

also reading: double top, bearish, 72 sessions in

SHOSUNSTONE HOTEL INVESTORS REIT INC · Real Estateforming

46 sessions in · 5.3% above entry

SHO — closes with its channel-down drawn ontarget 9.57entry 10.38stop 11.331 Jun1 Sep · 10.96
entry10.38
stop11.33
target9.57

EVIEVI INDUSTRIES INC · Industrialsforming

73 sessions in · 5.7% above entry

EVI — closes with its channel-down drawn ontarget 9.74entry 12.64stop 15.8122 Apr1 Sep · 13.41
entry12.64
stop15.81
target9.74

also reading: falling wedge, bullish, 67 sessions in

BBWIBath & Body Works, Inc. · Consumer Discretionaryforming

39 sessions in · 6.8% above entry

BBWI — closes with its channel-down drawn ontarget 15.35entry 17.35stop 19.5712 Jun1 Sep · 18.61
entry17.35
stop19.57
target15.35

HTLDHEARTLAND EXPRESS INC · Industrialsforming

55 sessions in · 11.0% above entry

HTLD — closes with its channel-down drawn ontarget 8.96entry 10.60stop 12.3418 May1 Sep · 11.91
entry10.60
stop12.34
target8.96

TDCTeradata · Information Technologyforming

50 sessions in · 14.8% above entry

TDC — closes with its channel-down drawn ontarget 16.65entry 24.40stop 32.3226 May1 Sep · 28.65
entry24.40
stop32.32
target16.65

AGNTAGNT INC · Real Estateforming

79 sessions in · 19.2% above entry

AGNT — closes with its channel-down drawn ontarget 1.77entry 3.17stop 4.4916 Apr1 Sep · 3.92
entry3.17
stop4.49
target1.77

CLVTClarivate · Industrialsforming

42 sessions in · 19.9% above entry

CLVT — closes with its channel-down drawn ontarget 1.13entry 1.63stop 2.108 Jun1 Sep · 2.04
entry1.63
stop2.10
target1.13

KEYKeyCorp · Financialsbroke down

39 sessions in · 1.9% below entry

KEY — closes with its channel-down drawn ontarget 20.05entry 21.62stop 22.9212 Jun1 Sep · 21.21
entry21.62
stop22.92
target20.05

CHHChoice Hotels · Consumer Discretionarybroke down

57 sessions in · 4.1% below entry

CHH — closes with its channel-down drawn ontarget 91.30entry 102.17stop 111.6015 May1 Sep · 98.12
entry102.17
stop111.60
target91.30

RRyder · Industrialsbroke down

55 sessions in · 4.2% below entry

R — closes with its channel-down drawn ontarget 236.07entry 253.63stop 267.7218 May1 Sep · 243.48
entry253.63
stop267.72
target236.07

also reading: descending triangle, either side, 55 sessions in

HUTHUT CORP · Information Technologybroke down

51 sessions in · 7.9% below entry

HUT — closes with its channel-down drawn ontarget 58.08entry 83.68stop 110.2828 May1 Sep · 77.57
entry83.68
stop110.28
target58.08

RRRRED ROCK RESORTS ORS CLASS A INC · Consumer Discretionarybroke down

46 sessions in · 11.1% below entry

RRR — closes with its channel-down drawn ontarget 58.70entry 62.34stop 65.881 Jun1 Sep · 56.10
entry62.34
stop65.88
target58.70

A shape is dropped once its first turning point is more than 90 sessions old, and a shape that has already broken is kept for 20 sessions after the break.

See the other shapes in the chart-pattern index.

Informational only — NOT financial advice. A chart pattern describes where price has already been. "Entry", "stop" and "target" are levels the shape itself defines — the line price must clear, the extreme on the other side, and that distance projected — not predictions and not recommendations.