All patterns
Cygnus-69 › BTCUSD (Bitcoin / US Dollar) · 1h
Symmetrical Triangle
FormingAwaiting breakout
Quality63%
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This pattern's track record
On the 1h chart
30%
Target reached after breakout
- Breakout rate
- 100%
- Reached half the target
- 50%
- Average time to target
- 3.5 days
- Cases
- 169 resolved cases
All timeframes
34%
Target reached after breakout
- Breakout rate
- 100%
- Reached half the target
- 50%
- Average time to target
- 18.3 days
- Cases
- 606 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.