Jump to: Pattern Result
Date and Arrival Time: 2021-02-25 13:20
Symbol Name: POWERGRID
Pattern and Direction: Bearish – Cypher
Pattern Completion Price: 232.80, Pattern Ideal Completion Price: 232.85
A Completed Cypher has arrived at 13:20.
This is a pattern with a formation span of 4 days starting from the 2021-02-19 12:55 – 2021-02-25 13:20.
There is a potential Sell opportunity at 232.80. A safe stop-loss for this Cypher can be kept at 236.10 as per the pattern invalidation level or 1% above the completion depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 1st March – Success!
Take a look at the results of this Cypher below:
