Jump to: Pattern Result
Date and Arrival Time: 2021-03-25 14:35
Symbol Name: FOX
Pattern and Direction: Bearish Rectangle Break
Pattern Completion Price: 37.80, Pattern Ideal Completion Price:37.90
A Bearish Rectangle Break has arrived at 14:35.
This is a pattern with a formation span of 2 days.
There is a potential Sell opportunity at 37.80. A safe stop-loss for this Rectangle can be kept at 38.60 or 39.00 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: 26th March – Success!
Take a look at the results of this pattern below. After testing the first potential invalidation level, the pattern successfully called a bearish price movement, which went beyond the first take-profit level of 36.84, to reach near 34.00
