Altair-22 › DOGEUSD (Dogecoin / US Dollar) · 4h
Symmetrical Triangle
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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 | Oct 21, 04:00 PM | Oct 21, 04:00 PM | 0 | 0.08380 |
| L2 | Oct 24, 12:00 PM | Oct 24, 12:00 PM | 17 | 0.07478 |
| H3 | Oct 28, 08:00 PM | Oct 28, 08:00 PM | 43 | 0.08089 |
| L4 | Oct 29, 12:00 AM | Oct 29, 12:00 AM | 44 | 0.07742 |
| H5 | Oct 29, 04:00 PM | Oct 29, 04:00 PM | 48 | 0.08148 |
| BRK | Oct 29, 08:00 PM | Oct 29, 08:00 PM | 0.07791 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 21, 04:00 PM · 0.08375 → Oct 29, 08:00 PM · 0.08101
- SupportOct 21, 04:00 PM · 0.07312 → Oct 29, 08:00 PM · 0.07791
This pattern's track record
On the 4h chart
36%
Target reached after breakout
- Breakout rate
- 100%
- Reached half the target
- 50%
- Average time to target
- 11.6 days
- Cases
- 186 resolved cases
All timeframes
32%
Target reached after breakout
- Breakout rate
- 100%
- Reached half the target
- 49%
- Average time to target
- 15.9 days
- Cases
- 738 resolved cases
What is this pattern?
Price coils in a narrowing range. Whichever side breaks, the target is the triangle's starting height in that direction. Before the break the pattern is neutral.
After the breakout, a close beyond the opposite boundary invalidates it.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.