Quasar-63 › GBPUSD (British Pound / US Dollar) · 4h
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 |
|---|---|---|---|---|
| L1 | Oct 29, 08:00 AM | Oct 29, 08:00 AM | 0 | 1.32954 |
| H2 | Oct 30, 08:00 AM | Oct 30, 08:00 AM | 6 | 1.34344 |
| L3 | Oct 31, 12:00 PM | Oct 31, 12:00 PM | 13 | 1.33202 |
| H4 | Nov 1, 12:00 AM | Nov 1, 12:00 AM | 16 | 1.34098 |
| L5 | Nov 1, 04:00 PM | Nov 1, 04:00 PM | 20 | 1.33540 |
| BRK | Nov 2, 04:00 AM | Nov 2, 04:00 AM | 1.33926 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 29, 08:00 AM · 1.34492 → Nov 2, 12:00 AM · 1.33950
- SupportOct 29, 08:00 AM · 1.32924 → Nov 2, 12:00 AM · 1.33540
This pattern's track record
On the 4h chart
36%
Target reached after breakout
- Breakout rate
- 100%
- Reached half the target
- 50%
- Average time to target
- 11.6 days
- Cases
- 186 resolved cases
All timeframes
31%
Target reached after breakout
- Breakout rate
- 100%
- Reached half the target
- 48%
- Average time to target
- 15.9 days
- Cases
- 745 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.