Jump to: Pattern Result
Date and Arrival Time: 2021-03-30 09:50
Symbol Name: SPLK
Pattern and Direction: Bearish Rectangle Break
Pattern Completion Price: 131.28, Pattern Ideal Completion Price: 131.79
A Bearish Rectangle Break has arrived at 09:50.
This is a pattern with a formation span of 6 days.
There is a potential Sell opportunity at 131.28. A safe stop-loss for this <Pattern> can be kept at 134.34 or 135.65 as per the pattern, depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 31st March – Invalidation
Take a look at the results of this Rectangle below. After the price goes and maintains a level beyond the pattern invalidation level, the potential trade would be considered lossy and exited.
