Sirius-24 › ADAUSD (Cardano / US Dollar) · 15m
Falling Wedge
Drag to rotate, scroll to zoom.
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 | Nov 2, 02:45 AM | Nov 2, 02:45 AM | 0 | 0.1924 |
| H2 | Nov 2, 03:45 AM | Nov 2, 03:45 AM | 4 | 0.1943 |
| L3 | Nov 2, 06:30 AM | Nov 2, 06:30 AM | 15 | 0.1900 |
| H4 | Nov 2, 07:00 AM | Nov 2, 07:00 AM | 17 | 0.1912 |
| L5 | Nov 2, 07:45 AM | Nov 2, 07:45 AM | 20 | 0.1900 |
| BRK | Nov 2, 08:00 AM | Nov 2, 08:00 AM | 0.1902 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceNov 2, 02:45 AM · 0.1953 → Nov 2, 08:00 AM · 0.1902
- SupportNov 2, 02:45 AM · 0.1923 → Nov 2, 08:00 AM · 0.1896
This pattern's track record
On the 15m chart
33%
Target reached after breakout
- Breakout rate
- 83%
- Reached half the target
- 52%
- Average time to target
- 8.7 h
- Cases
- 173 resolved cases
All timeframes
42%
Target reached after breakout
- Breakout rate
- 84%
- Reached half the target
- 59%
- Average time to target
- 14 days
- Cases
- 727 resolved cases
What is this pattern?
Highs and lows both fall, but highs fall faster so the channel narrows. A close above the upper line usually targets the area where the wedge began.
A close below the last low invalidates the pattern.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.