Altair-94 › EURUSD (Euro / US Dollar) · Daily
Falling Wedge
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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) | Bar # | Price |
|---|---|---|---|
| H1 | Sep 30, 2026 | 0 | 1.13797 |
| L2 | Oct 5, 2026 | 6 | 1.11617 |
| H3 | Oct 6, 2026 | 7 | 1.12786 |
| L4 | Oct 7, 2026 | 8 | 1.11657 |
| H5 | Oct 10, 2026 | 11 | 1.12517 |
| L6 | Oct 14, 2026 | 15 | 1.11140 |
| BRK | Oct 15, 2026 | 1.11838 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceSep 30, 2026 · 1.13751 → Oct 15, 2026 · 1.11838
- SupportSep 30, 2026 · 1.12036 → Oct 15, 2026 · 1.11101
This pattern's track record
On the Daily chart
42%
Target reached after breakout
- Breakout rate
- 83%
- Reached half the target
- 62%
- Average time to target
- 45 days
- Cases
- 166 resolved cases
All timeframes
42%
Target reached after breakout
- Breakout rate
- 84%
- Reached half the target
- 59%
- Average time to target
- 14.3 days
- Cases
- 708 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.