Sirius-69 › AVAXUSD (Avalanche / US Dollar) · 15m
Rising 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 | Nov 1, 09:00 PM | Nov 1, 09:00 PM | 0 | 8.70 |
| L2 | Nov 1, 10:30 PM | Nov 1, 10:30 PM | 6 | 8.58 |
| H3 | Nov 2, 12:00 AM | Nov 2, 12:00 AM | 12 | 8.73 |
| L4 | Nov 2, 12:30 AM | Nov 2, 12:30 AM | 14 | 8.65 |
| H5 | Nov 2, 01:15 AM | Nov 2, 01:15 AM | 17 | 8.74 |
| BRK | Nov 2, 01:30 AM | Nov 2, 01:30 AM | 8.69 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceNov 1, 09:00 PM · 8.70 → Nov 2, 01:30 AM · 8.74
- SupportNov 1, 09:00 PM · 8.52 → Nov 2, 01:30 AM · 8.69
This pattern's track record
On the 15m chart
37%
Target reached after breakout
- Breakout rate
- 83%
- Reached half the target
- 57%
- Average time to target
- 6.3 h
- Cases
- 199 resolved cases
All timeframes
36%
Target reached after breakout
- Breakout rate
- 79%
- Reached half the target
- 56%
- Average time to target
- 11.4 days
- Cases
- 806 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.