All patterns
Vega-60 › SOLUSD (Solana / US Dollar) · 1h
Descending Triangle
FormingBearish
Quality48%
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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 | Oct 30, 05:00 AM | Oct 30, 05:00 AM | 0 | 98.59 |
| L2 | Oct 30, 06:00 PM | Oct 30, 06:00 PM | 13 | 93.62 |
| H3 | Oct 31, 01:00 AM | Oct 31, 01:00 AM | 20 | 97.09 |
| L4 | Nov 1, 10:00 PM | Nov 1, 10:00 PM | 65 | 93.18 |
| H5 | Nov 2, 03:00 AM | Nov 2, 03:00 AM | 70 | 95.95 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 30, 05:00 AM · 98.26 → Nov 2, 10:00 AM · 95.57
- SupportOct 30, 05:00 AM · 93.73 → Nov 2, 10:00 AM · 93.08
This pattern's track record
On the 1h chart
41%
Target reached after breakout
- Breakout rate
- 62%
- Reached half the target
- 62%
- Average time to target
- 4.8 days
- Cases
- 137 resolved cases
All timeframes
44%
Target reached after breakout
- Breakout rate
- 57%
- Reached half the target
- 59%
- Average time to target
- 11.8 days
- Cases
- 487 resolved cases
What is this pattern?
Lows stay level while highs fall. A close below support targets the triangle's starting height lower.
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.