Sirius-24 › ADAUSD (Cardano / US Dollar) · 15m
Rising Wedge
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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 30, 11:00 AM | Oct 30, 11:00 AM | 0 | 0.1956 |
| L2 | Oct 30, 02:15 PM | Oct 30, 02:15 PM | 13 | 0.1898 |
| H3 | Oct 30, 03:15 PM | Oct 30, 03:15 PM | 17 | 0.1949 |
| L4 | Oct 30, 06:45 PM | Oct 30, 06:45 PM | 31 | 0.1900 |
| H5 | Oct 31, 12:45 AM | Oct 31, 12:45 AM | 55 | 0.1970 |
| L6 | Oct 31, 05:30 AM | Oct 31, 05:30 AM | 74 | 0.1926 |
| BRK | Oct 31, 08:15 AM | Oct 31, 08:15 AM | 0.1930 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 30, 11:00 AM · 0.1951 → Oct 31, 06:45 AM · 0.1975
- SupportOct 30, 11:00 AM · 0.1889 → Oct 31, 06:45 AM · 0.1927
This pattern's track record
On the 15m chart
37%
Target reached after breakout
- Breakout rate
- 83%
- Reached half the target
- 57%
- Average time to target
- 6.1 h
- Cases
- 196 resolved cases
All timeframes
36%
Target reached after breakout
- Breakout rate
- 79%
- Reached half the target
- 56%
- Average time to target
- 11.5 days
- Cases
- 802 resolved cases
What is this pattern?
Highs and lows both rise, but lows rise faster so the channel narrows. A close below the lower line usually targets the area where the wedge began.
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.