All patterns
Nova-86 › XAGUSD (Silver / US Dollar) · 1h
Descending Triangle
Breakout confirmedBearish
Quality56%
Drag to rotate, scroll to zoom.
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 | Oct 20, 02:00 PM | Oct 20, 02:00 PM | 0 | 58.70 |
| L2 | Oct 23, 02:00 PM | Oct 23, 02:00 PM | 72 | 53.12 |
| H3 | Oct 27, 01:00 AM | Oct 27, 01:00 AM | 106 | 54.36 |
| L4 | Oct 27, 06:00 AM | Oct 27, 06:00 AM | 111 | 52.80 |
| H5 | Oct 27, 03:00 PM | Oct 27, 03:00 PM | 120 | 54.67 |
| BRK | Oct 29, 05:00 PM | Oct 29, 05:00 PM | 52.32 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 20, 02:00 PM · 58.65 → Oct 29, 04:00 PM · 52.50
- SupportOct 20, 02:00 PM · 53.71 → Oct 29, 04:00 PM · 52.32
This pattern's track record
On the 1h chart
41%
Target reached after breakout
- Breakout rate
- 63%
- Reached half the target
- 62%
- Average time to target
- 4.8 days
- Cases
- 137 resolved cases
All timeframes
43%
Target reached after breakout
- Breakout rate
- 57%
- Reached half the target
- 60%
- Average time to target
- 12 days
- Cases
- 482 resolved cases
What is this pattern?
Lows stay level while highs fall. A close below support targets the triangle's starting height lower.
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.