All patterns
Rigel-33 › TSLA (Tesla, Inc.) · 4h
Rectangle
Breakout confirmedBullish
Quality95%
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Draw it on TradingView
No bar counting. Copy the Pine Script and paste it into TradingView; the pattern, breakout, target and invalidation lines are drawn on exactly these candles.
- 1.Copy the script and open the chart on TradingView.
- 2.Open the Pine Editor at the bottom, clear it and paste.
- 3.Click "Add to chart"; the drawings appear.
Swing points
| Point | Candle open (UTC) | UTC | Bar # | Price |
|---|---|---|---|---|
| H1 | Sep 25, 01:30 PM | Sep 25, 01:30 PM | 0 | 386.83 |
| L2 | Sep 30, 01:30 PM | Sep 30, 01:30 PM | 6 | 345.88 |
| H3 | Oct 9, 01:30 PM | Oct 9, 01:30 PM | 20 | 388.56 |
| L4 | Oct 16, 05:30 PM | Oct 16, 05:30 PM | 31 | 349.33 |
| H5 | Oct 22, 01:30 PM | Oct 22, 01:30 PM | 38 | 388.86 |
| BRK | Oct 26, 01:30 PM | Oct 26, 01:30 PM | 389.31 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceSep 25, 01:30 PM · 387.04 → Oct 26, 01:30 PM · 389.31
- SupportSep 25, 01:30 PM · 345.05 → Oct 26, 01:30 PM · 350.85
This pattern's track record
On the 4h chart
54%
Target reached after breakout
- Breakout rate
- 98%
- Reached half the target
- 69%
- Average time to target
- 6.2 days
- Cases
- 39 resolved cases
All timeframes
53%
Target reached after breakout
- Breakout rate
- 95%
- Reached half the target
- 69%
- Average time to target
- 6.2 days
- Cases
- 166 resolved cases
What is this pattern?
Price swings between two horizontal levels. Whichever edge breaks, the target is the rectangle's height in that direction.
After the breakout, a close beyond the opposite edge invalidates it.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.