Vega-66 › BNBUSD (BNB / US Dollar) · 1h
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, 02:00 PM | Oct 30, 02:00 PM | 0 | 694.00 |
| H2 | Oct 31, 12:00 AM | Oct 31, 12:00 AM | 10 | 710.83 |
| L3 | Nov 1, 02:00 AM | Nov 1, 02:00 AM | 36 | 702.28 |
| H4 | Nov 1, 03:00 PM | Nov 1, 03:00 PM | 49 | 717.75 |
| L5 | Nov 1, 10:00 PM | Nov 1, 10:00 PM | 56 | 704.75 |
| H6 | Nov 2, 03:00 AM | Nov 2, 03:00 AM | 61 | 716.00 |
| BRK | Nov 2, 10:00 AM | Nov 2, 10:00 AM | 707.68 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 30, 02:00 PM · 710.05 → Nov 2, 07:00 AM · 717.86
- SupportOct 30, 02:00 PM · 694.32 → Nov 2, 07:00 AM · 707.09
This pattern's track record
On the 1h chart
43%
Target reached after breakout
- Breakout rate
- 79%
- Reached half the target
- 59%
- Average time to target
- 2.5 days
- Cases
- 204 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.