Jump to: Pattern Result
Date and Arrival Time: 2021-03-31 17:15
Symbol Name: SPX500
Pattern and Direction: Bearish Butterfly
Pattern Completion Price: 3995.20, Pattern Ideal Completion Price: 3996.243
A Completed has arrived at 17:15 UTC.
This is a pattern with a formation span of 1 day.
There is a potential Sell opportunity at 3995.20. A safe stop-loss for this Butterfly can be kept at 3996.24 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: 1st April 2021 – Invalidation
Take a look at the results of this Butterfly below. After the price goes and maintains a level beyond the pattern invalidation level, the potential trade would be considered lossy and exited.
