All patterns

Kepler-55 › GBPUSD (British Pound / US Dollar) · Daily

Rising Wedge

FormingBearish
Quality54%

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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.

Open FX:GBPUSD chart
  1. 1.Copy the script and open the chart on TradingView.
  2. 2.Open the Pine Editor at the bottom, clear it and paste.
  3. 3.Click "Add to chart"; the drawings appear.

Swing points

PointCandle open (UTC)Bar #Price
H1Oct 6, 202601.32859
L2Oct 14, 202681.31382
H3Oct 22, 2026161.34198
L4Oct 28, 2026221.32720
H5Oct 30, 2026241.34344

Bar #: candles counted from the pattern's first point. Times are candle open times.

Lines

  • ResistanceOct 6, 2026 · 1.32934 → Oct 31, 2026 · 1.34559
  • SupportOct 6, 2026 · 1.30617 → Oct 31, 2026 · 1.33007

This pattern's track record

On the Daily chart

33%

Target reached after breakout

Breakout rate
78%
Reached half the target
53%
Average time to target
38.6 days
Cases
201 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
801 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.

GBPUSD Daily Rising Wedge | IndicatorScan