TSXV:CAN Technical Analysis

Canadian Gold Resources Ltd. — Technical Analysis & Chart Patterns

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Seven formations appear in CAN's daily price history. An elliott wave corrective (a-b-c zigzag) completed with a downward breakout on October 19, 2026; a market structure shift (mss) / choch completed with a downward breakout on October 8, 2026; an ascending broadening wedge completed with a downward breakout on October 1, 2026; a p&f double bottom breakdown completed with a downward breakout on October 8, 2026; a donchian breakout, bearish completed with a downward breakout on October 8, 2026; a pennant, bearish completed with a downward breakout on October 8, 2026; a triple bottom is currently forming and has not yet triggered.

Signal balance Bearish tilt 1 bullish (1) · 4 bearish (14)
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. 2 signals from negative-edge patterns excluded.

Patterns

last close, adjusted
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FORMING
Triple Bottom — Jun 9, 2026 to Nov 5, 2026
BREAKOUT DOWN
P&F Double Bottom Breakdown — Aug 31, 2026 to Oct 7, 2026 · broke out on Oct 8, 2026
BREAKOUT DOWN
Donchian Breakout, Bearish — Sep 10, 2026 to Oct 7, 2026 · broke out on Oct 8, 2026
BREAKOUT DOWN
Pennant, Bearish — Sep 30, 2026 to Oct 7, 2026 · broke out on Oct 8, 2026
BREAKOUT DOWN
Ascending Broadening Wedge — Jul 24, 2026 to Sep 30, 2026 · broke out on Oct 1, 2026
BREAKOUT DOWN
Market Structure Shift (MSS) / ChoCh — Aug 5, 2026 to Sep 21, 2026 · broke out on Oct 8, 2026
BREAKOUT DOWN
Elliott Wave Corrective (A-B-C Zigzag) — Aug 5, 2026 to Aug 31, 2026 · broke out on Oct 19, 2026
Detected on this chart: Triple Bottom (forming now), P&F Double Bottom Breakdown, Donchian Breakout, Bearish, Pennant, Bearish, Ascending Broadening Wedge, Market Structure Shift (MSS) / ChoCh, Elliott Wave Corrective (A-B-C Zigzag). 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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