Jump to: Pattern Result
Date and Arrival Time: 2021-02-26 09:20
Symbol Name: HEROMOTOCO
Pattern and Direction: Bearish – Flag
Pattern Completion Price: 3388.05, Pattern Ideal Completion Price: 3401.30
A Bearish Flag Break has arrived at market open.
This is a pattern with a formation span of 6 days starting from the 2021-02-18 10:20 – 2021-02-26 09:20.
There is a potential Sell opportunity at 3388.05. A safe stop-loss for this Flag Break can be kept at 3497.65 as per the pattern or 1% below 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!
Let’s take a look at the results below. The price hit the target at market open on 12th April, a move of at least 5.6% obtained or more.
