All patterns

Vega-66 › BNBUSD (BNB / US Dollar) · 1h

Symmetrical Triangle

FormingAwaiting breakout
Quality96%

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. 1.Copy the script and open the chart on TradingView.
  2. 2.Open the Pine Editor at the bottom, clear it and paste.
  3. 3.Click "Add to chart"; the drawings appear.

Swing points

PointCandle open (UTC)UTCBar #Price
L1Oct 31, 09:00 PMOct 31, 09:00 PM0702.03
H2Nov 1, 03:00 PMNov 1, 03:00 PM18717.75
L3Nov 1, 10:00 PMNov 1, 10:00 PM25704.75
H4Nov 2, 03:00 AMNov 2, 03:00 AM30716.00
L5Nov 2, 07:00 AMNov 2, 07:00 AM34706.09

Bar #: candles counted from the pattern's first point. Times are candle open times.

Lines

  • ResistanceOct 31, 09:00 PM · 720.38 → Nov 2, 09:00 AM · 715.13
  • SupportOct 31, 09:00 PM · 701.99 → Nov 2, 09:00 AM · 706.20

This pattern's track record

On the 1h chart

27%

Target reached after breakout

Breakout rate
100%
Reached half the target
48%
Average time to target
3.3 days
Cases
200 resolved cases

All timeframes

31%

Target reached after breakout

Breakout rate
100%
Reached half the target
48%
Average time to target
15.9 days
Cases
745 resolved cases

What is this pattern?

Price coils in a narrowing range. Whichever side breaks, the target is the triangle's starting height in that direction. Before the break the pattern is neutral.

After the breakout, a close beyond the opposite boundary invalidates it.

This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.

BNBUSD 1h Symmetrical Triangle | IndicatorScan