Daily Feed: 22nd March 2021 – Shark – SPLK

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Date and Arrival Time: 2021-03-22 11:30

Symbol Name:  SPLK

Pattern and Direction: Bearish Shark

Pattern Completion Price: 143.59, Pattern Ideal Completion Price: 142.29

A Completed Bearish Shark has arrived at <Completion time>.

This is a pattern with a formation span of  4 days.

There is a potential Sell opportunity at 143.59. A safe stop-loss for this Shark can be kept at 144.58 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: 25th March – Success!

Take a look at the results of this pattern below

PatternSurfer