Jump to: Pattern Result
Date and Arrival Time: 2020-10-30 09:35
Symbol Name: WIPRO
Pattern and Direction: Gartley – Completed – SELL
Pattern Completion Price: 345.00 , Pattern Ideal Completion Price: 344.55
A Completed Gartley has arrived at 9.35am (30th October 2020). The coordinates are:
This is a pattern with a formation span of 7 days starting from the 22nd October 2020 – 30th October 2020.
There is a potential Sell opportunity at 345.00 . A safe stop-loss for this Gartley can be kept at Level X: 348.2, which is the pattern invalidation point.
In addition, the Gartley is supported by an Alt-ABCD pattern in the same direction, completing at the same price as the Gartley. The arrival of multiple supporting patterns for the same stock is often an indication of a higher win probability.
UPDATE : 3rd November 2020 – Success.
3 days after the arrival of the Bearish Gartley, the price of WIPRO has fallen by 2.8%, (INR. 9.80). A potential maximum profit of 3.5% but would be difficult to achieve as the price spiked down. A 3rd Nov. EOD profit of 2.8% was achievable.
Learn more about Gartley patterns with PatternSurfer’s documentation.
See more posts about Gartley patterns.