Vega-59 › NASDAQ (Nasdaq 100 (QQQ ETF)) · 1h
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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 |
|---|---|---|---|---|
| T1 | Oct 21, 04:30 PM | Oct 21, 04:30 PM | 0 | 727.95 |
| N | Oct 23, 01:30 PM | Oct 23, 01:30 PM | 11 | 701.16 |
| T2 | Oct 28, 06:30 PM | Oct 28, 06:30 PM | 37 | 726.12 |
| BRK | Oct 30, 01:30 PM | Oct 30, 01:30 PM | 701.16 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- NecklineOct 21, 04:30 PM · 701.16 → Oct 30, 01:30 PM · 701.16
- ResistanceOct 21, 04:30 PM · 727.95 → Oct 28, 06:30 PM · 726.12
This pattern's track record
On the 1h chart
66%
Target reached after breakout
- Breakout rate
- 59%
- Reached half the target
- 81%
- Average time to target
- 2.6 days
- Cases
- 83 resolved cases
All timeframes
62%
Target reached after breakout
- Breakout rate
- 52%
- Reached half the target
- 78%
- Average time to target
- 7.9 days
- Cases
- 276 resolved cases
What is this pattern?
After an advance, two peaks form at about the same level. The low between them is the trigger; a close below it targets a move equal to the peak-to-trough height.
A close above the peaks invalidates the pattern.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.