All patterns
Orion-91 › ETHUSD (Ethereum / US Dollar) · 15m
Falling Wedge
FormingBullish
Quality51%
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This pattern's track record
On the 15m chart
34%
Target reached after breakout
- Breakout rate
- 83%
- Reached half the target
- 51%
- Average time to target
- 10.6 h
- Cases
- 77 resolved cases
All timeframes
44%
Target reached after breakout
- Breakout rate
- 84%
- Reached half the target
- 61%
- Average time to target
- 16 days
- Cases
- 591 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.