Helix-65 › XAGUSD (Silver / 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 |
|---|---|---|---|---|
| L1 | Oct 30, 08:45 PM | Oct 30, 08:45 PM | 0 | 49.19 |
| H2 | Nov 2, 01:00 AM | Nov 2, 01:00 AM | 9 | 50.34 |
| L3 | Nov 2, 02:45 AM | Nov 2, 02:45 AM | 16 | 49.71 |
| H4 | Nov 2, 05:30 AM | Nov 2, 05:30 AM | 27 | 50.63 |
| L5 | Nov 2, 06:15 AM | Nov 2, 06:15 AM | 30 | 50.17 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 30, 08:45 PM · 50.20 → Nov 2, 07:15 AM · 50.74
- SupportOct 30, 08:45 PM · 49.19 → Nov 2, 07:15 AM · 50.30
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.