Chart & Technical · TGT
Detected Patterns for TGT
AI-generated plain-English read of detected patterns for TGT. Updated daily.
Bearish pattern complete, watching for breakdown
highA bearish pattern is complete and sitting just above the breakdown level. All structure is in place; a catalyst or volume spike could trigger the move.
What will probably happen
- The bearish formation is complete and sitting at the breakdown trigger. A volume-driven close below support confirms the pattern.
- Pattern detection confidence is high (81% average). High-confidence patterns still fail ~30% of the time, but the algorithm conviction is strong.
What to do
- If you HOLD this stock
- Bearish pattern is complete and coiled at the breakdown level. Hedge or reduce exposure now.
- If you TRADE this stock (no options)
- Short near current levels with a stop above the pattern's key resistance. Enter before the breakdown rather than chasing it.
- If you trade OPTIONS
- Long puts 45-90 DTE: cheaper to buy before the break, but confirm volume on the breakdown.
High pattern detection confidence with a mature or active formation.
Technical details
Technical analysis
- Quality
- Strong Quality
- Maturity
- Ready
- Pattern 1
- Double Top, bearish, complete (81%)
- Overall bias
- Bearish
- Pattern count
- 1
- Target upside
- Unknown Target
- Avg confidence
- 81%
Key levels
| Level | Value |
|---|---|
| bearish count | 1 |
| bullish count | 0 |
| current price | 161.45 |
| pattern count | 1 |
| avg confidence | 0.81 |
Caveats
- Pattern recognition has a meaningful false-positive rate; even high-confidence patterns fail ~30% of the time.