u cant get him if he runs away
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cobalion runs deep into a cave
Leave and return to the cave and Cobalion will have returned. So then you may capture it. I suggest Timer Balls.
No.
You would better hope u saved the game.because after u faint cobalion, the Pokemon will never come back. That was your last chance
You can find Cobalion in Mistralton Cave and once you do. You might want to save and soft reset every time if it isn't. It is hard to find though.