All patterns
Sirius-66 › XRPUSD (XRP / US Dollar) · Daily
Descending Triangle
Breakout confirmedBearish
Quality82%
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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) | Bar # | Price |
|---|---|---|---|
| H1 | Oct 11, 2026 | 0 | 1.4300 |
| L2 | Oct 18, 2026 | 7 | 1.2562 |
| H3 | Oct 21, 2026 | 10 | 1.3992 |
| L4 | Oct 24, 2026 | 13 | 1.2546 |
| H5 | Oct 28, 2026 | 17 | 1.3444 |
| BRK | Oct 29, 2026 | 1.2533 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 11, 2026 · 1.4353 → Oct 29, 2026 · 1.3471
- SupportOct 11, 2026 · 1.2581 → Oct 29, 2026 · 1.2533
This pattern's track record
On the Daily chart
35%
Target reached after breakout
- Breakout rate
- 44%
- Reached half the target
- 57%
- Average time to target
- 52 days
- Cases
- 78 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.