Helix-45 › AVAXUSD (Avalanche / US Dollar) · Daily
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) | Bar # | Price |
|---|---|---|---|
| L1 | Oct 8, 2026 | 0 | 9.76 |
| H2 | Oct 12, 2026 | 4 | 11.12 |
| L3 | Oct 15, 2026 | 7 | 9.34 |
| H4 | Oct 16, 2026 | 8 | 10.52 |
| L5 | Oct 30, 2026 | 22 | 8.00 |
| BRK | Oct 31, 2026 | 8.30 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 8, 2026 · 11.71 → Oct 31, 2026 · 8.30
- SupportOct 8, 2026 · 9.82 → Oct 31, 2026 · 7.95
This pattern's track record
On the Daily chart
41%
Target reached after breakout
- Breakout rate
- 83%
- Reached half the target
- 61%
- Average time to target
- 45 days
- Cases
- 169 resolved cases
All timeframes
42%
Target reached after breakout
- Breakout rate
- 84%
- Reached half the target
- 59%
- Average time to target
- 14 days
- Cases
- 727 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.