Jump to: Pattern Result
Date and Arrival Time: 2020-11-11 09:45
Symbol Name: KOTAKBANK
Pattern and Direction: Wolfe Wave – Completed – Sell
Pattern Completion Price: 1805.9, Pattern Ideal Completion Price: 1805.15
A Completed Wolfe Wave has arrived at 09:45 am. The coordinates are:
This is a pattern with a formation span of 2 starting from the 9th November – 11th November. This pattern will be best suited to a short-term or intra-day position.
There is a potential Sell opportunity at the completion of the pattern at 1805.9. A strict stop-loss can be kept at a level very close to the pattern completion price for the short position.
Update: 13th November – Success!
After spending a day remaining at the completion level of the Wolfe, the KOTAKBANK price fell 80 rupees (a maximum potential move of nearly 4.5%), to reach a level of 1725 at 10 am on the 13th November.
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