All patterns
Lyra-71 › ETHUSD (Ethereum / US Dollar) · 1h
Descending Triangle
Breakout confirmedBearish
Quality84%
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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 |
|---|---|---|---|---|
| H1 | Oct 4, 11:00 PM | Oct 4, 11:00 PM | 0 | 2,739.50 |
| L2 | Oct 8, 05:00 PM | Oct 8, 05:00 PM | 90 | 2,406.11 |
| H3 | Oct 12, 07:00 AM | Oct 12, 07:00 AM | 176 | 2,579.88 |
| L4 | Oct 13, 12:00 AM | Oct 13, 12:00 AM | 193 | 2,409.09 |
| H5 | Oct 13, 05:00 AM | Oct 13, 05:00 AM | 198 | 2,538.52 |
| BRK | Oct 15, 02:00 AM | Oct 15, 02:00 AM | 2,410.54 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 4, 11:00 PM · 2,740.67 → Oct 15, 01:00 AM · 2,505.07
- SupportOct 4, 11:00 PM · 2,403.51 → Oct 15, 01:00 AM · 2,410.51
This pattern's track record
On the 1h chart
40%
Target reached after breakout
- Breakout rate
- 62%
- Reached half the target
- 62%
- Average time to target
- 4.7 days
- Cases
- 135 resolved cases
All timeframes
43%
Target reached after breakout
- Breakout rate
- 57%
- Reached half the target
- 59%
- Average time to target
- 12.3 days
- Cases
- 473 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.