All patterns

Lyra-48 › USDJPY (US Dollar / Japanese Yen) · Daily

Descending Triangle

FormingBearish
Quality61%

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.

Open FX:USDJPY chart
  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)Bar #Price
L1May 6, 20260155.080
H2Jul 26, 202681164.088
L3Aug 3, 202689155.251
H4Sep 2, 2026119160.405
L5Sep 13, 2026130152.379

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

Lines

  • ResistanceMay 6, 2026 · 171.939 → Nov 1, 2026 · 154.492
  • SupportMay 6, 2026 · 155.487 → Nov 1, 2026 · 152.405

This pattern's track record

On the Daily chart

35%

Target reached after breakout

Breakout rate
44%
Reached half the target
57%
Average time to target
52 days
Cases
78 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.

USDJPY Daily Descending Triangle | IndicatorScan