Jump to: Pattern Result
Date and Arrival Time: 2020-11-27 11:55
Symbol Name: TORNTPHARM
Pattern and Direction: Bearish Gartley
Pattern Completion Price: 2679.5 , Pattern Ideal Completion Price: 2677.5
A Completed Gartley has arrived at 11:55 am.
This is a pattern with a formation span of 6 days, suggesting it could indicate a potential move lasting 2 days + depending on the strength of the pattern.
There is a potential Sell opportunity at 2679.5. A safe stop-loss for this Gartley can be kept at 2707 as per the Gartley rules, however more risk-averse traders could take 1% above the completion. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 1st December EOD – Success!
The price moved in the direction suggested by the Bearish Gartley – over 2% move by the EOD of 12th November, with further opportunities for exit with profits occurring the next day. Take a look at the results of this pattern below:
