Jump to: Pattern Result
Date and Arrival Time: 2020-11-05 10:15
Symbol Name: NESTLEIND
Pattern and Direction: Butterfly – Completed – SELL
Pattern Completion Price: 17399.00 , Pattern Ideal Completion Price: 17389.40
A Completed Butterfly has arrived at 10:15. The coordinates and details are:
This is a pattern with a formation span of 48 days starting from the 7th September – 5th November.
There is a potential Sell opportunity from 17299.00. A safe stop-loss for this Butterfly can be kept at a small percentage (0.5%, etc) above the completion price.
In addition, this Butterfly is supported by the arrival of multiple Alt-ABCD patterns, covering two different spans, 32 days and 14 days, in the same bearish direction.
Update: Nov 13th EOD – Success!
The Butterfly of NESTLEIND has successfully indicated the price fall from the exact completion point. Overall, in the 6 days since completion, the price has fallen a maximum of 5.25%, or a 3.35% move if considering the 13th Nov EOD.
Learn more about the Butterfly
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