Jump to: Pattern Result
Date and Arrival Time: 2020-12-03 09:25
Symbol Name: TORNTPHARM
Pattern and Direction: Bearish – Wolfe Wave
Pattern Completion Price: 2717.9 Pattern Ideal Completion Price: 2705.45
A Completed Wolfe Wave has arrived at 09:25.
This is a pattern with a formation span of 6 days, and is also supported by an identical Wolfe Wave in 15 minute intervals, as well as an Ascending Channel, where the price is at the upper trendline.
There is a potential Sell opportunity once the Completion level of 2705.45 is respected. A safe stop-loss for this Wolfe Wave can be kept at a small % (e.g. 0.5 – 1 %) above the completion depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
Check back in later to see how this pattern has performed!