Jump to: Pattern Result
Date and Arrival Time: 2020-11-19 09:35
Symbol Name: CADILAHC
Pattern and Direction: Bearish Wolfe – Completed
Pattern Completion Price: 438.65, Pattern Ideal Completion Price: 437.35
A Completed Wolfe Wave has has arrived at 09.35 am.
This is a pattern with a formation span of 4 days, suggesting it is best to grab intra-day or short term move.
There is a potential Sell opportunity at 438.65 A safe stop-loss for this Wolfe can be kept at a small percentage above the actual completion of 438.65, where the pattern would be invalidated.
UPDATE: 20th Nov EOD – Success!
This Wolfe Wave has precisely predicted the fall in price from 438.65. The maximum possible intra-day move on the 19th was over 2.5%, but we can see the fall sustained over a longer period , continued to the end of trading hours on the 20th, a further fall of Rs.3. Trading this move untill the EOD 20th November would have yielded a total move over 3%.
