Sirius-69 › AVAXUSD (Avalanche / US Dollar) · 15m
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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 |
|---|---|---|---|---|
| T1 | Nov 2, 01:15 AM | Nov 2, 01:15 AM | 0 | 8.74 |
| N | Nov 2, 02:45 AM | Nov 2, 02:45 AM | 6 | 8.61 |
| T2 | Nov 2, 03:45 AM | Nov 2, 03:45 AM | 10 | 8.73 |
| BRK | Nov 2, 06:15 AM | Nov 2, 06:15 AM | 8.61 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- NecklineNov 2, 01:15 AM · 8.61 → Nov 2, 06:15 AM · 8.61
- ResistanceNov 2, 01:15 AM · 8.74 → Nov 2, 03:45 AM · 8.73
This pattern's track record
On the 15m chart
63%
Target reached after breakout
- Breakout rate
- 53%
- Reached half the target
- 76%
- Average time to target
- 6.3 h
- Cases
- 86 resolved cases
All timeframes
62%
Target reached after breakout
- Breakout rate
- 52%
- Reached half the target
- 79%
- Average time to target
- 7.9 days
- Cases
- 277 resolved cases
What is this pattern?
After an advance, two peaks form at about the same level. The low between them is the trigger; a close below it targets a move equal to the peak-to-trough height.
A close above the peaks invalidates the pattern.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.