Jump to: Pattern Result
Date and Arrival Time: 2021-04-05 09:20
Symbol Name: INDIGO
Pattern and Direction: Bearish Pennant Break
Pattern Completion Price: 1584.00, Pattern Ideal Completion Price: 1606.75
A Bearish Pennant Break has arrive at market open.
This is a pattern with a formation span of 7 days
There is a potential Sell opportunity at 1584.00. A safe stop-loss for this Pennant can be kept at 1621.10 or 1% above completion price, depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 5th April – 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.
