Cygnus-52 › USDJPY (US Dollar / Japanese Yen) · 1h
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 31, 02:00 PM | Oct 31, 02:00 PM | 0 | 157.024 |
| H2 | Oct 31, 05:00 PM | Oct 31, 05:00 PM | 3 | 157.986 |
| L3 | Nov 1, 07:00 PM | Nov 1, 07:00 PM | 29 | 157.395 |
| H4 | Nov 1, 08:00 PM | Nov 1, 08:00 PM | 30 | 157.806 |
| L5 | Nov 1, 10:00 PM | Nov 1, 10:00 PM | 32 | 157.461 |
| BRK | Nov 2, 12:00 AM | Nov 2, 12:00 AM | 157.780 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 31, 02:00 PM · 158.006 → Nov 1, 11:00 PM · 157.786
- SupportOct 31, 02:00 PM · 157.023 → Nov 1, 11:00 PM · 157.462
This pattern's track record
On the 1h chart
27%
Target reached after breakout
- Breakout rate
- 100%
- Reached half the target
- 48%
- Average time to target
- 3.3 days
- Cases
- 200 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.