Cygnus-13 › EURUSD (Euro / US Dollar) · 4h
Rectangle
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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 16, 08:00 AM | Oct 16, 08:00 AM | 0 | 1.12694 |
| L2 | Oct 18, 04:00 PM | Oct 18, 04:00 PM | 14 | 1.11700 |
| H3 | Oct 18, 08:00 PM | Oct 18, 08:00 PM | 15 | 1.12590 |
| L4 | Oct 19, 08:00 AM | Oct 19, 08:00 AM | 18 | 1.11855 |
| H5 | Oct 20, 12:00 PM | Oct 20, 12:00 PM | 25 | 1.12596 |
| L6 | Oct 23, 08:00 AM | Oct 23, 08:00 AM | 42 | 1.11856 |
| BRK | Oct 26, 12:00 PM | Oct 26, 12:00 PM | 1.11936 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceOct 16, 08:00 AM · 1.12682 → Oct 26, 08:00 AM · 1.12433
- SupportOct 16, 08:00 AM · 1.11714 → Oct 26, 08:00 AM · 1.11932
This pattern's track record
On the 4h chart
54%
Target reached after breakout
- Breakout rate
- 98%
- Reached half the target
- 69%
- Average time to target
- 6.2 days
- Cases
- 39 resolved cases
All timeframes
54%
Target reached after breakout
- Breakout rate
- 95%
- Reached half the target
- 70%
- Average time to target
- 5.9 days
- Cases
- 170 resolved cases
What is this pattern?
Price swings between two horizontal levels. Whichever edge breaks, the target is the rectangle's height in that direction.
After the breakout, a close beyond the opposite edge invalidates it.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.