Jump to: Pattern Result
Date and Arrival Time: 2021-02-19 09:40
Symbol Name: INDIGO
Pattern and Direction: Bearish Descending Triangle
Pattern Completion Price: 1576.10, Pattern Ideal Completion Price: 1579.10
An Bearish Descending Triangle Break has arrived at 09:40.
This is a pattern with a formation span of 5 days starting from the 2021-02-12 09:20 –2021-02-19 09:40.
There is a potential Sell opportunity at 1576.10. A safe stop-loss for this Bearish Descending Triangle can be kept at 1608.45 as per the pattern. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 22nd February – Success!
Let’s take a look at the results below, where the Bearish Descending Triangle break has achieved the target:
