Mex Pete Visual Gallery

A curated collection of 50+ Mex Pete (ascending triangle) and Reverse Mex Pete (descending triangle) chart examples, drawn from Phil Anderson’s BBB course materials, WD Gann subscriber email series, and PSE video content. For the full conceptual explanation, see Mex Pete Trading Style.

Pattern reminder:

• Mex Pete — Higher lows + flat horizontal resistance = accumulation before breakout (ascending triangle). Named after Mexican Petroleum, page 67 of Gann’s Truth of the Stock Tape.
• Reverse Mex Pete — Lower highs + flat horizontal support = distribution before breakdown (descending triangle).

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1 · Textbook Examples (BBB Course)

These annotated examples come from the Boom Bust Bulletin course PDFs and include explicit labeling of the Mex Pete pattern.

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1. CALX — Calix Inc (NYSE)

CALX — Daily ascending triangle. Higher lows accumulating against flat resistance. Pre-breakout setup — the classic Mex Pete structure. Source: BBB #13: How to Find Breakouts

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2. CALX — Annotated “MEXICAN PETE PATTERN”

CALX — “MEXICAN PETE PATTERN” explicitly labeled. Annotated with volume analysis and entry signals. The definitive textbook example from Phil Anderson. Source: BBB #13: How to Find Breakouts

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3. PING — Ascending Triangle Breakout (NYSE)

PING — Ascending triangle with completed breakout. Shows the full pattern lifecycle: accumulation, breakout, and follow-through. Source: BBB #13: How to Find Breakouts

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4. Gold (XAUUSD) — Ascending Triangle

XAUUSD (Gold) — Ascending triangle. Higher lows building toward horizontal resistance. Classic Mex Pete structure applied to a macro asset. Source: BBB #53: Real World Guide to Outperform

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5. CMM — Capricorn Metals (ASX)

CMM — “Mexican Petroleum setup” labeled. Named directly after the original Mex Pete concept. Stock trading in a range at near all-time highs while physical gold was breaking out — a clear accumulation signal. Source: BBB #53: Real World Guide to Outperform

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6. CMM — Higher Lows Detail

CMM — Ascending triangle, higher lows. Follow-on chart showing the Mex Pete structure in more detail with trendlines drawn. Source: BBB #53: Real World Guide to Outperform

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7. GMD — Genesis Minerals Breakout (ASX)

GMD — Ascending triangle breakout. Shows the resolution of the Mex Pete pattern with a clean upside breakout. GMD went on to be one of the model portfolio’s biggest winners. Source: BBB #53: Real World Guide to Outperform

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2 · Gann Email Series — Confirmed Mex Pete Setups

Real-time examples identified by Phil Anderson in the WD Gann subscriber email series (2024–2026). Each stock was explicitly called a Mex Pete / Mexican Pete pattern or described with the defining characteristics (higher lows + flat resistance → breakout).

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8. WIRE — Global X Copper Miners ETF (ASX)

ASX:WIRE — “Mex Pete style” breakout. Phil explicitly says: “Buy the breakout yes? Mex Pete style just like Gann showed. Way back in 1923!” Direct application of the ascending/breakout pattern to a copper ETF. Source: Gann #2 — May 2024

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9. Gold — Weekly Mexican Pete Below $2,000 (Spot)

**Gold (spot) — Mexican Pete below $2,000/oz.\ast \ast Higherlowsinto$2,000 resistance tested multiple times in 2023 before the December breakout. Anderson: “What I call ‘Mexe Pete’ setups. Worth their weight in Gold. Buy the upward breakout.” Source: Gann #11 — Sep 2024

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10. LNG — Cheniere Energy (NYSE)

**LNG — Mexican Pete breakout above $180.\ast \ast Stocktoppedat$180 in 2022, retested that level multiple times making higher lows, then broke above to new all-time highs. Signal: watch for two days lower in price to add a position. Source: Gann #10 — Aug 2024

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11. GDX — VanEck Gold Miners ETF (NYSE)

GDX — “Not the cleanest Mexican Pete pattern” but with a visible series of higher lows since September 2022; price testing resistance at ~$40. Moved to model portfolio in October 2024. Source: Gann #12 — Sep 2024

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12. TAYD — Taylor Devices (NYSE)

TAYD — Textbook Mexican Pete. After peaking at $26inJune,TAYDbuilthigherlowsonthelowertrendline.Tworesistancelevels:$24 (internal tops) and $26(priorpeak).BreakoutonJanuary10clearedbothlevelsinasinglejump;stockralliedto$60 without three consecutive down days. Source: Gann #12 — Sep 2024

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13. MHO — M/I Homes (NYSE)

MHO — Mexican Pete breakout April 2023. One of the original stocks signalling the second half of the real estate cycle was underway. Broke out from ascending triangle, moved to new all-time highs in June 2023 — ahead of S&P 500 record highs. Source: Gann #13 — Sep 2024

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14. CCB — Coastal Financial Corp (NYSE)

CCB — Mexican Pete setup. Stock peaked at $55 in early 2022, retested that level multiple times, made a series of higher lows from mid-2023, and broke out from the pattern. Breakout interpreted as a forward signal of rising earnings. Source: Gann #17 — Oct 2024

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15. IMD — Imdex (ASX)

IMD — Mex Pete setup near all-time highs. Weekly chart from 2010 showing series of higher lows after late-2023 low, pushing to new highs above key $3.00 resistance. Added to Australian Watchlist. Source: Gann #2 — Apr 2025

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16. LYC — Lynas Rare Earths (ASX)

LYC — “Mexican Pete characteristics” on weekly chart. Emerging from a basing pattern. Breakout not at all-time highs but framed as a continuation breakout within a five-year uptrend. Completed trade: Entry 26 Jun 2025 @ AUD 9.28, exit 29 Oct 2025 @ AUD 15.56 — +67% in four months. Despite the weakness of a sub-ATH breakout, the trade delivered a strong result using pure stop-trailing discipline (“squeezed out”). Anderson noted “a lot of news at that high of ~21.50” before the final exit, flagging news concentration at highs as a qualitative signal worth incorporating going forward. Source: Gann #5 — Apr 2025 · Gann #11 — May 2026

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17. SKWD — Skyward Specialty Insurance Group (NYSE)

SKWD — Mexican Pete Model Portfolio addition. Broke out above resistance at $56.Initialstoplossat$51, identified as the most recent higher low in the Mexican Pete chart pattern. Source: Gann #7 — May 2025

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18. CRK — Comstock Resources (NYSE)

CRK — “Not a textbook Mexican Pete pattern” but hovering just below 2022 highs on the weekly chart. Flagged for monitoring given proximity to resistance. Natural gas sector showing relative strength at this point in the cycle. Source: Gann #7 — May 2025

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19. TLC — The Lottery Corp (ASX)

**TLC — Mex Pete breakout above $\mathrm{5.30.}\ast \ast Stockbrokeabovethatlevel,returnedtotestsupportat$5.20, displaying trend strength (no more than two consecutive down days). Added to model portfolio with stop at $4.70. Source: Gann #8 — May 2025

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20. Copper (LME) — Mexican Pete Breakout Above $5/lb

Copper — “Mexican Pete-style” ascending triangle (dashed lines on chart) tracked ahead of the breakout above $5/pound. Anderson references page 369 of The Secret Life of Real Estate and Banking for copper’s tendency to see large gains in the second half of the cycle. Source: Gann #13 — Jul 2025

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21. Gold/GLD — Mexican Pete Above $320

Gold — “Mexican Pete-style pattern” since peaking ~$3,500/ozinApril2025.Consolidationonfutureschart;GLDbreakoutabove$320 flagged as entry trigger. Source: Gann #15 — Aug 2025

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22. SXE — Southern Cross Electrical (ASX)

**SXE — Confirmed Mexican Pete breakout above $\mathrm{1.95.}\ast \ast Dashedtrendlinesonchart.Pricereturnedtotest$1.95 as support after breakout — textbook post-breakout retest behavior. Source: Gann #17 — Aug 2025

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23. VAU — Vault Minerals (ASX)

VAU — Breakout move over $0.48. Added from Australian watchlist to the Mexican Pete Model Portfolio. Good follow-through after breakout from gold-sector consolidation. Source: Gann #18 — Sep 2025

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24. WBC — Westpac Banking Corp (ASX)

WBC — Gapped higher out of Mexican Pete pattern. Moved too quickly for a low-risk model portfolio entry; Anderson monitored for re-entry using monthly Gann dates. Later formed a second Mex Pete near $39–40 (see #29). Source: Gann #18 — Sep 2025

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25. GLD — SPDR Gold Trust Breakout (NYSE)

**GLD — Mexican Pete breakout above $320confirmed.\ast \ast Addedtomodelportfolio.NewMexicanPeteformingwithprimaryresistanceat$3,440 and higher lows; broke out to fresh record highs. Source: Gann #19 — Sep 2025

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26. DUR — Duratec Limited (ASX)

**DUR — Mexican Pete breakout above $\mathrm{1.75.}\ast \ast Stockfirsttested$1.75 resistance in January 2024, pulled back, then made a series of higher lows while re-testing $1.75in2025beforebreakingout.Laterstoppedoutat$1.95. Source: Gann #20 — Sep 2025

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27. POL — Polymetals Resources (ASX)

**POL — Mexican Pete breakout above $\mathrm{1.00.}\ast \ast Stocktested$1.00 in December, pulled back, retested in April with a smaller pullback, then broke out above $1.00 with a volume surge. Pattern used to identify accumulation. Source: Gann #20 — Sep 2025

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28. Copper (LME) — Multi-Year Mexican Pete

LME Copper — Mexican Pete pattern since July 2022. Series of higher lows combined with flat top resistance. Bullish setup consistent with this stage of the real estate cycle. “Very positive price action” from the Mex Pete model portfolio prompted upward stop adjustments. Source: Gann #21 — Oct 2025

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29. Copper (LME) — Breakout Confirmation

LME Copper — Bullish Mexican Pete pattern developing since 2022 at prior record highs. Anderson flags as confirming the second half of the cycle is unfolding. Breakout conditions make new entries difficult given breadth. Source: Gann #25 — Nov 2025

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30. EVN — Evolution Mining (ASX)

EVN — Mex Pete breakout above $5.60. Weekly chart showing higher lows approaching horizontal resistance. 50/200-day MAs converging, MACD bullish crossover. Confirmed breakout completed the pattern. Source: Gann #26 — Feb 2025

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31. TCL — Transurban Group (ASX)

TCL — Mex Pete setup since 2020. Higher lows building against horizontal resistance ~$14.91 since October 2023. MACD turning upward. Added to Australian watchlist pending breakout confirmation. Source: Gann #28 — Dec 2025

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32. XOM — ExxonMobil (NYSE)

XOM — Classic Mexican Pete / ascending triangle. Resistance tested repeatedly at $120–$125 over three years. Series of higher lows off $100beginningApril2025.Breakoutconfirmedaboveresistance.Entryat$129.13, stop at $115. Source: Gann #33 — Jan 2026

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33. DBC — Invesco DB Commodity Index (NYSE)

DBC — Mexican Pete since mid-2022. Resistance zone at $23–$24 (shaded box on weekly chart). Higher lows from September 2024. Breaking above $23 at time of writing. Parallel drawn to two-phase GSCI commodity rally of the last real estate cycle. Source: Gann #34 — Jan 2026

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34. WBC — Westpac Banking Corp, Second Setup (ASX)

WBC — Second Mexican Pete forming since November. Resistance around $39–40area.Newbaseformingaboveapriorbasethatbrokeabove$35 in August. Optuma chart. Source: Gann #36 — Feb 2026

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35. BLBD — Blue Bird Corp (NYSE)

BLBD — Classic Mexican Pete setup. Flat top near $60 resistance, series of higher lows since April 2025 pullback. Blue Bird manufactures school buses — benefits from record property taxes funding school districts near the cycle peak. Source: Gann #39 — Feb 2026

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36. UHS — Universal Health Services (NYSE)

UHS — Bullish Mexican Pete setup. Another ascending triangle identified by Anderson. Healthcare spending per capita in the U.S. is about twice other countries, with most driven by higher hospital payments. Source: Gann #39 — Feb 2026

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37. CNX — CNX Resources Corp (NYSE)

CNX — Mexican Pete pattern since 2024. Topped near $41level,seriesofhigherlowssinceAugust2025,multipletestsof$41 resistance. Large natural gas producer. Added to model portfolio following breakout in March 2026. Source: Gann #39 — Feb 2026

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38. 30-Year Treasury Yield — Mex Pete Formation (March 2026)

30-Year Treasury Yield (DGS30) — Mexican Pete forming below 5%. Ascending triangle visible on the daily chart: flat resistance at ~5.00%, rising lows compressing toward the apex. Phil notes: “the pattern should look familiar.” TBT added to U.S. watchlist in anticipation of a breakout above 5%. Source: Gann #43 — Mar 2026

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39. 30-Year Treasury Yield — Breakout Above 5% (May 2026)

30-Year Treasury Yield — Mexican Pete breakout above 5%. The ascending triangle resolved to the upside, with yields breaking above the 5% level to their highest since 2007. TBT (ProShares UltraShort 20+ Year Treasury) added to the Mexican Pete model portfolio with stop at $34. A macro-level Mex Pete applied to a yield rather than a stock — demonstrates the pattern’s versatility across asset classes. Source: Gann #12 — May 2026

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40. YPF — YPF Sociedad Anónima (NYSE)

YPF — Mexican Pete breakout. Argentinian energy stock jumped above the level of interest from a Mexican Pete pattern previously shared by Phil. Added to model portfolio with stop at $43, the most recent higher low in the pattern. Later stopped out (Gann #19, June 25). Source: Gann #14 — Jun 2026

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41. FCX — Freeport-McMoRan (NYSE)

FCX — Mex Pete setup. Added to the Mexican Pete Portfolio despite not being on the U.S. watchlist, as the stock was moving out of a Mex Pete setup. Stop loss at $65. Copper mining stocks were showing relative strength with several emerging from basing patterns. Later stopped out as a false breakout (Gann #16, June 9). Source: Gann #15 — Jun 2026

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42. IEFA — iShares Core MSCI EAFE ETF (NYSE)

IEFA — Mexican Pete pattern. U.S.-listed ETF tracking developed international regions, not currency-hedged — a broadly weakening dollar provides a tailwind. Phil notes that developed international and emerging market equities performed strongly against the U.S. at the end of the last two cycles into 2008. The dollar reversal from the 100 level (a seasonal Gann date) sets the stage for an IEFA breakout. Source: Gann #18 — Jun 2026

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43. XAR — SPDR S&P Aerospace & Defense ETF (NYSE)

XAR — Mexican Pete pattern. Aerospace & defense ETF setting up in a Mexican Pete pattern. Phil references page 329 of The Secret Life of Real Estate and Banking: “war is a lucrative business.” Companies profiting from war should do well as the real estate cycle peaks and competition for resources intensifies. Watch for breakout above the $295 level. Source: Gann #21 — Jul 2026

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3 · Reverse Mex Pete (Descending Triangle)

Distribution patterns — lower highs meeting flat support, resolving in a downside breakdown.

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44. RH — RH Holdings (NYSE) — Reverse Mex Pete

RH — Rectangular consolidation / Reverse Mex Pete. Trading range between $130–$230 with potential distribution characteristics. Identified in the context of cycle analysis. Source: Gann 2026 #1 — Mar 2026

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45. APP — Reverse Mex Pete

APP — Reverse Mexican Pete (descending triangle). Lower highs meeting flat support — distribution before breakdown. Source: pse-sub-email-gann-06-for-2026-7-roadmap-current-market-16-april-2026

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46. AR — Mex Pete Setup

AR — Mexican Pete setup. Ascending triangle identified in May 2026 Gann email.

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47. CCP — Reverse Mex Pete

CCP — Reverse Mexican Pete (descending triangle). Lower highs meeting flat support — classic distribution pattern. Source: Gann 2026 Email #18

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48. CMG — Chipotle Mexican Grill (NYSE) — Reverse Mex Pete

CMG — Reverse Mexican Pete (descending triangle). Breaking down through $30supportlevel.AddedtotheMexicanPetePortfolioontheshortsidewithstoplossat$33. Phil’s first short-selling opportunity in the model portfolio. Later stopped out (Gann #20, June 30) — “a lack of good follow-through on short positions is another form of feedback from the market.” Source: Gann #15 — Jun 2026

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49. ITB — iShares US Home Construction ETF (NYSE) — Reverse Mex Pete

ITB — Reverse Mexican Pete / descending triangle. Phil notes: “short setups are essentially our Mexican Pete pattern flipped upside down.” Watch for a break below the $85 support level. Home construction ETF showing distribution characteristics as financial conditions tighten. Source: Gann #16 — Jun 2026

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50. PLTR — Palantir Technologies (NYSE) — Inverse Mex Pete

PLTR — Inverse Mexican Pete (descending triangle). Stock broke below the “inverse Mexican Pete” pattern at $125afterbeinganotablelaggarddespiteAImarketexcitement.Shortpositionwithstopat$135 (the small retracement higher just before the breakdown). A clean example of the reverse pattern applied to a high-profile tech stock. Source: Gann #19 — Jun 2026

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51. META — Meta Platforms (NASDAQ) — Reverse Mex Pete

META — Reverse Mexican Pete (descending triangle). Series of lower highs (upper trendline) meeting flat support. Added to the short watchlist. AI-era mega-cap showing distribution while the broader market narrows — consistent with late-cycle breadth deterioration. Source: Gann #21 — Jul 2026

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52. 30-Year Treasury Yield — False Breakout Update (July 2026)

30-Year Treasury Yield — False breakout from Mexican Pete above 5%. After the May breakout above 5%, the yield pulled back — a false breakout from the Mexican Pete pattern. The arrow on the chart points to the seasonal Gann date where the yield is now reversing higher. Phil: “We’ll keep watching for a sustained breakout in longer-term rates, which we can trade with TBT.” A valuable example of a Mex Pete that broke out, failed, and is reattempting — showing the importance of patience and confirmation. Source: Gann #21 — Jul 2026

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4 · Video Slide Gallery

Additional chart examples from PSE video content showing ascending triangle and market structure analysis.

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Stock chart with trendlines — ascending triangle trendlines illustrating accumulation phase. Source: BBI January 2026

Detailed stock chart — price action showing horizontal resistance with rising lows. Source: PSE Video

Multiple candlestick setups — comparison of different ascending triangle configurations. Source: PSE Video

Wesfarmers (WES.AX) — ASX ascending triangle example discussed in PSE video content. Source: PSE Video

Screener with filters applied — PSE workflow for identifying breakout candidates. Source: PSE Video

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Gallery compiled from 37 BBB course images, 130+ Gann email chart images, and PSE video slides. Only charts confirmed as Mex Pete / Mexican Pete patterns (or explicitly labeled as such) are included. Last updated: 2026-07-09.