All patterns
Vega-18 › LINKUSD (Chainlink / US Dollar) · 15m
Descending Triangle
Breakout confirmedBearish
Quality64%
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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 | Nov 1, 10:15 PM | Nov 1, 10:15 PM | 0 | 11.226 |
| H2 | Nov 2, 01:15 AM | Nov 2, 01:15 AM | 12 | 11.443 |
| L3 | Nov 2, 03:15 AM | Nov 2, 03:15 AM | 20 | 11.273 |
| H4 | Nov 2, 04:15 AM | Nov 2, 04:15 AM | 24 | 11.419 |
| L5 | Nov 2, 06:45 AM | Nov 2, 06:45 AM | 34 | 11.263 |
| BRK | Nov 2, 10:00 AM | Nov 2, 10:00 AM | 11.288 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceNov 1, 10:15 PM · 11.467 → Nov 2, 09:15 AM · 11.379
- SupportNov 1, 10:15 PM · 11.233 → Nov 2, 09:15 AM · 11.285
This pattern's track record
On the 15m chart
50%
Target reached after breakout
- Breakout rate
- 58%
- Reached half the target
- 59%
- Average time to target
- 11.3 h
- Cases
- 135 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.