Altair-62 › XRPUSD (XRP / US Dollar) · 15m
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 29, 04:00 PM | Oct 29, 04:00 PM | 0 | 1.3182 |
| L2 | Oct 30, 01:30 AM | Oct 30, 01:30 AM | 38 | 1.2002 |
| H3 | Oct 30, 06:30 AM | Oct 30, 06:30 AM | 58 | 1.2739 |
| L4 | Oct 30, 02:15 PM | Oct 30, 02:15 PM | 89 | 1.2291 |
| H5 | Oct 30, 03:15 PM | Oct 30, 03:15 PM | 93 | 1.2628 |
| BRK | Oct 30, 07:30 PM | Oct 30, 07:30 PM | 1.2484 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 29, 04:00 PM · 1.3158 → Oct 30, 07:15 PM · 1.2490
- SupportOct 29, 04:00 PM · 1.1787 → Oct 30, 07:15 PM · 1.2404
This pattern's track record
On the 15m chart
27%
Target reached after breakout
- Breakout rate
- 100%
- Reached half the target
- 45%
- Average time to target
- 8.9 h
- Cases
- 215 resolved cases
All timeframes
32%
Target reached after breakout
- Breakout rate
- 100%
- Reached half the target
- 48%
- Average time to target
- 15.9 days
- Cases
- 742 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.