Altair-22 › DOGEUSD (Dogecoin / US Dollar) · 4h
Falling 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 12, 04:00 AM | Oct 12, 04:00 AM | 0 | 0.08814 |
| L2 | Oct 18, 04:00 PM | Oct 18, 04:00 PM | 39 | 0.07607 |
| H3 | Oct 21, 04:00 PM | Oct 21, 04:00 PM | 57 | 0.08380 |
| L4 | Oct 24, 12:00 PM | Oct 24, 12:00 PM | 74 | 0.07478 |
| H5 | Oct 29, 04:00 PM | Oct 29, 04:00 PM | 105 | 0.08148 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 12, 04:00 AM · 0.08792 → Nov 1, 08:00 AM · 0.08020
- SupportOct 12, 04:00 AM · 0.07751 → Nov 1, 08:00 AM · 0.07305
This pattern's track record
On the 4h chart
48%
Target reached after breakout
- Breakout rate
- 82%
- Reached half the target
- 62%
- Average time to target
- 9.3 days
- Cases
- 187 resolved cases
All timeframes
41%
Target reached after breakout
- Breakout rate
- 84%
- Reached half the target
- 59%
- Average time to target
- 14.1 days
- Cases
- 722 resolved cases
What is this pattern?
Highs and lows both fall, but highs fall faster so the channel narrows. A close above the upper line usually targets the area where the wedge began.
A close below the last low invalidates the pattern.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.