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Classic chart patterns like Wedges, Channels and Triangles are the bedrock of technical analysis, but identifying them in real-time can be subjective and tedious. The Viper Pattern Engine automates this process. Using a proprietary “Vertex Finder” algorithm, it scans the market geometry to detect high-probability breakout structures. Image

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Supported Structures

The engine automatically detects and labels the following geometric structures:

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🔹 Wedges (Reversal)

  • Falling Wedge: A structure with lower highs and lower lows contracting into a point.
    • Bias: Bullish. Usually breaks to the upside.
  • Rising Wedge: A structure with higher highs and higher lows contracting into a point.
    • Bias: Bearish. Usually breaks to the downside.

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🔹 Triangles (Continuation)

  • Symmetrical Triangle: Price compressing with lower highs and higher lows.
    • Bias: Neutral. Represents a “coiling” of energy before a massive expansion in either direction.

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🔹 Channels (Trend)

  • Parallel Channel: Price bouncing between two parallel trendlines.
    • Strategy: Trade the bounces. Buy at the bottom line, Sell at the top line.

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🔹 Expanding (Volatility)

  • Broadening Wedge: The opposite of a triangle. Highs get higher and lows get lower.
    • Bias: High Volatility / Confusion. Represents increasing market instability.
Strategy: The Breakout & RetestThe Auto Chart Patterns are designed to catch explosive moves.
  1. Wait for the Break: Do not predict the breakout. Wait for a candle to close outside the pattern lines.
  2. The Alert: You can enable the “Alert: Chart Pattern Breakout” setting to get a notification the moment price escapes the structure.
  3. The Retest (Safe Entry): Aggressive traders enter on the break. Conservative traders wait for price to break out, come back to touch the line (Retest), and bounce. This offers a safer entry with a tighter stop loss.