MCHI — Descending Triangle

70% ConfidenceDetected Jun 2

Signal Snapshot

As of June 2, 2026, MCHI is showing a Descending Triangle pattern with 70% confidence on the daily timeframe. SCTR 1.1 (bearish zone), Confirmed Bear trend. EdgeOS buy trigger $55.31 · Target $55.97 · Stop $54.89.

EdgeOS Levels — MCHI

Close
$55.40
Buy Trigger
$55.31
+1 ATR Target
$55.97
Stop
$54.89
SCTR
1.1
Trend
Confirmed Bear
Bull Count
0
Bear Count
11
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Other Patterns — MCHI
Bull FlagBear FlagBull PennantBear PennantAscending TriangleSymmetrical TriangleHead and ShouldersInverse Head and Shoulders

Frequently Asked Questions

Is MCHI showing a Descending Triangle pattern?

Yes. MCHI is currently showing a Descending Triangle pattern with 70% confidence on the daily timeframe (detected 6/2/2026).

What is the confidence level for the MCHI Descending Triangle?

The MCHI Descending Triangle has a confidence score of 70%. Confidence above 65% is considered high — indicating a clear, textbook-quality pattern. The confidence score measures how closely price action matches the ideal pattern template.

What are the buy trigger and target for MCHI?

MCHI's EdgeOS buy trigger is $55.31, target $55.97 (Saty ATR +1), stop below $54.89.

How often does the Descending Triangle succeed?

The Descending Triangle has a historical win rate of 70% when traded with proper volume confirmation and stop placement. Average time to target: 17 trading bars. Best results when combined with trending SCTR (above 9 for bullish, below 4 for bearish) and EdgeOS count confirmation.

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Pattern data updated nightly · For informational purposes only · Not investment advice