Jump to: Pattern Result
Date and Arrival Time: 2021-04-07 10:50
Symbol Name: CONCOR
Pattern and Direction: Bearish Shark
Pattern Completion Price: 608, Pattern Ideal Completion Price: 604.50
A Completed Bearish Shark has arrived at 10:50 am.
This is a pattern with a formation span of 2 days.
There is a potential Sell opportunity at 604.50. A safe stop-loss for this Shark can be kept at 611.55 as per the pattern or 1% beyond the completion depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 12th 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.
