Jump to: Pattern Result
Date and Arrival Time: 2021-03-01 11:45
Symbol Name: ZEEL
Pattern and Direction: Bearish – Gartley
Pattern Completion Price: 215.50, Pattern Ideal Completion Price: 213.55
A Completed Gartley has arrived at 11:45.
This is a pattern with a formation span of 7 days starting from the 2021-02-18 09:30.
There is a potential Sell opportunity at 215.50. A safe stop-loss for this Gartley can be kept at 217.80 as per the pattern 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: 2nd March – Invalidated
Take a look at the results of this Gartley below. After the price goes and maintains a level beyond the pattern invalidation level, the potential trade would be considered lossy and exited.
