Jump to: Pattern Result
Date and Arrival Time: 2021-04-05 01:05
Symbol Name: BITCOIN
Pattern and Direction: Bearish Pennant
Pattern Completion Price: 57761.61, Pattern Ideal Completion Price: 58148.91
A Bearish Pennant Break has arrived at 01:05 UTC.
There is a potential Sell opportunity at 57761.61. A safe stop-loss for this Pennant can be kept at 58424.00 as per the pattern or 1% above the completion depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 5th April – Success
Take a look at the results of this pattern below, where the pattern has almost achieved the first take-profit level, but soon reversed from the predicted level, indicating the trend may no longer be bearish.
