Sirius-54 › AAPL (Apple Inc.) · 1h
Rising Wedge
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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 |
|---|---|---|---|---|
| L1 | Oct 9, 01:30 PM | Oct 9, 01:30 PM | 0 | 330.70 |
| H2 | Oct 13, 01:30 PM | Oct 13, 01:30 PM | 14 | 348.15 |
| L3 | Oct 21, 01:30 PM | Oct 21, 01:30 PM | 56 | 338.83 |
| H4 | Oct 23, 01:30 PM | Oct 23, 01:30 PM | 70 | 351.73 |
| L5 | Oct 26, 01:30 PM | Oct 26, 01:30 PM | 77 | 341.03 |
| BRK | Oct 28, 07:30 PM | Oct 28, 07:30 PM | 344.04 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 9, 01:30 PM · 347.25 → Oct 28, 07:30 PM · 353.46
- SupportOct 9, 01:30 PM · 330.81 → Oct 28, 07:30 PM · 344.04
This pattern's track record
On the 1h chart
43%
Target reached after breakout
- Breakout rate
- 79%
- Reached half the target
- 59%
- Average time to target
- 2.5 days
- Cases
- 203 resolved cases
All timeframes
36%
Target reached after breakout
- Breakout rate
- 79%
- Reached half the target
- 56%
- Average time to target
- 11.5 days
- Cases
- 797 resolved cases
What is this pattern?
Highs and lows both rise, but lows rise faster so the channel narrows. A close below the lower line usually targets the area where the wedge began.
A close above the last high invalidates the pattern.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.