All patterns
Sirius-50 › MSFT (Microsoft Corporation) · 1h
Descending Triangle
Breakout confirmedBearish
Quality76%
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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 |
|---|---|---|---|---|
| L1 | Oct 16, 04:30 PM | Oct 16, 04:30 PM | 0 | 524.43 |
| H2 | Oct 19, 03:30 PM | Oct 19, 03:30 PM | 6 | 535.57 |
| L3 | Oct 20, 01:30 PM | Oct 20, 01:30 PM | 11 | 525.84 |
| H4 | Oct 20, 05:30 PM | Oct 20, 05:30 PM | 15 | 534.20 |
| L5 | Oct 21, 01:30 PM | Oct 21, 01:30 PM | 18 | 525.02 |
| BRK | Oct 22, 01:30 PM | Oct 22, 01:30 PM | 525.73 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 16, 04:30 PM · 536.48 → Oct 22, 01:30 PM · 532.68
- SupportOct 16, 04:30 PM · 524.70 → Oct 22, 01:30 PM · 525.73
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.