Jump to: Pattern Result
Date and Arrival Time: 2021-03-05 14:15
Symbol Name: PAGEIND
Pattern and Direction: Bullish – Cypher
Pattern Completion Price: 28212.00, Pattern Ideal Completion Price: 28402.20
A Completed Cypher has arrived at 14:15.
This is a pattern with a formation span of 4 days starting from the 2021-03-01 12:00 – 2021-03-05 14:15.
There is a potential Buy opportunity at 28212.00. A safe stop-loss for this Cypher can be kept at 27926.80 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: 8th March – Invalidated
Take a look at the results of this Cypher below. After the price goes and maintains a level beyond the pattern invalidation level, the potential trade would be considered lossy and exited.
