All patterns
Altair-22 › DOGEUSD (Dogecoin / US Dollar) · 4h
Descending Triangle
Breakout confirmedBearish
Quality95%
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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, 08:00 PM | Oct 4, 08:00 PM | 0 | 0.09760 |
| L2 | Oct 8, 04:00 PM | Oct 8, 04:00 PM | 23 | 0.08108 |
| H3 | Oct 12, 04:00 AM | Oct 12, 04:00 AM | 44 | 0.08814 |
| L4 | Oct 13, 12:00 AM | Oct 13, 12:00 AM | 49 | 0.08004 |
| H5 | Oct 14, 08:00 AM | Oct 14, 08:00 AM | 57 | 0.08567 |
| BRK | Oct 18, 12:00 PM | Oct 18, 12:00 PM | 0.07872 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 4, 08:00 PM · 0.09757 → Oct 18, 08:00 AM · 0.08049
- SupportOct 4, 08:00 PM · 0.08200 → Oct 18, 08:00 AM · 0.07876
This pattern's track record
On the 4h chart
44%
Target reached after breakout
- Breakout rate
- 63%
- Reached half the target
- 57%
- Average time to target
- 13.3 days
- Cases
- 134 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.