NASDAQ:FORTY Technical Analysis

Formula Systems (1985) Ltd — Technical Analysis & Chart Patterns

Eight formations appear in FORTY's daily price history. A p&f double bottom breakdown completed with a downward breakout on October 12, 2026; a donchian breakout, bullish completed with an upward breakout on October 21, 2026; a right-angled broadening, ascending completed with a downward breakout on November 5, 2026; a donchian breakout, bearish completed with a downward breakout on November 5, 2026; a p&f double bottom breakdown completed with a downward breakout on November 5, 2026; a Wyckoff markdown phase has been under way since January 28, 2026; a double top, Adam & Eve is currently forming and has not yet triggered; an elliott wave flat correction is currently forming and has not yet triggered.

Signal balance Bearish tilt

1 bullish (1) · 4 bearish (9)

Live signals only, weighted by each pattern's measured edge (proven counts double promising, which counts double unproven; confirmed breakouts count full, forming setups, phases and candles half). Trades that already resolved don't vote. 1 signal from negative-edge patterns excluded.

Patterns

last close, adjusted

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BREAKOUT DOWN

Wyckoff Markdown Phase — Jan 28, 2026 to Nov 5, 2026

FORMING

Double Top, Adam & Eve — May 22, 2026 to Nov 5, 2026

FORMING

Elliott Wave Flat Correction — Sep 10, 2026 to Nov 5, 2026

BREAKOUT DOWN

Right-Angled Broadening, Ascending — Aug 3, 2026 to Nov 4, 2026 · broke out on Nov 5, 2026

BREAKOUT DOWN

Donchian Breakout, Bearish — Oct 8, 2026 to Nov 4, 2026 · broke out on Nov 5, 2026

BREAKOUT DOWN

P&F Double Bottom Breakdown — Oct 23, 2026 to Nov 4, 2026 · broke out on Nov 5, 2026

BREAKOUT DOWN

P&F Double Bottom Breakdown — Sep 11, 2026 to Oct 9, 2026 · broke out on Oct 12, 2026

BREAKOUT UP

Donchian Breakout, Bullish — Sep 23, 2026 to Oct 20, 2026 · broke out on Oct 21, 2026

Detected on this chart: P&F Double Bottom Breakdown ×2, Wyckoff Markdown Phase, Double Top, Adam & Eve (forming now), Elliott Wave Flat Correction (forming now), Right-Angled Broadening, Ascending, Donchian Breakout, Bearish, Donchian Breakout, Bullish. Subscribe to Pro to see each one drawn on the chart with its trigger price, measure-rule target, stop and simulated trade result.

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