TSX:MRD Technical Analysis

Melcor Developments Ltd. — Technical Analysis & Chart Patterns

Back to MRD

Ten formations appear in MRD's daily price history. An elliott wave flat correction is currently forming and has not yet triggered; an order block (ob), bearish completed with a downward breakout on August 25, 2026; a donchian breakout, bullish completed with an upward breakout on September 3, 2026; a fair value gap (fvg), bearish completed with a downward breakout on September 3, 2026; a p&f double top breakout completed with an upward breakout on September 11, 2026; a diamond top completed with a downward breakout on September 16, 2026; a long day, black printed a bearish signal on September 17, 2026; a marubozu, closing black printed a bearish signal on September 18, 2026; a Wyckoff markup phase has been under way since March 5, 2025; a triple top is currently forming and has not yet triggered.

Signal balance Conflicted — signals cancel 2 bullish (2.5) · 3 bearish (1.5)
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. 3 signals from negative-edge patterns excluded.

Patterns

last close, adjusted
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BREAKOUT UP
Wyckoff Markup Phase — Mar 5, 2025 to Sep 21, 2026
FORMING
Triple Top — Apr 23, 2026 to Sep 21, 2026
BREAKOUT DOWN
Marubozu, Closing Black — Sep 18, 2026 to Sep 18, 2026 · broke out on Sep 18, 2026
BREAKOUT DOWN
Long Day, Black — Sep 17, 2026 to Sep 17, 2026 · broke out on Sep 17, 2026
BREAKOUT DOWN
Diamond Top — Jun 9, 2026 to Sep 15, 2026 · broke out on Sep 16, 2026
BREAKOUT UP
P&F Double Top Breakout — Jul 31, 2026 to Sep 10, 2026 · broke out on Sep 11, 2026
BREAKOUT DOWN
Fair Value Gap (FVG), Bearish — Jul 29, 2026 to Sep 3, 2026 · broke out on Sep 3, 2026
BREAKOUT UP
Donchian Breakout, Bullish — Aug 6, 2026 to Sep 2, 2026 · broke out on Sep 3, 2026
BREAKOUT DOWN
Order Block (OB), Bearish — Jul 31, 2026 to Aug 25, 2026 · broke out on Aug 25, 2026
FORMING
Elliott Wave Flat Correction — Apr 23, 2026 to Aug 10, 2026
Detected on this chart: Wyckoff Markup Phase, Triple Top (forming now), Marubozu, Closing Black, Long Day, Black, Diamond Top, P&F Double Top Breakout, Fair Value Gap (FVG), Bearish, Donchian Breakout, Bullish, Order Block (OB), Bearish, Elliott Wave Flat Correction (forming now). 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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