Chart Patterns & Algorithmic Trader ( Apr . 12 , ' 21 ) ( 22 )
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INDU V-Bottom Pattern s
Reviewed in CPAT
Dow Jones Industrial Average ($ INDU ) has formed a V-Bottom pattern on its daily chart and trading above the breakout level of $ 29568.67 . V-Bottom patterns are traded when price closes above the breakout level . A stop is placed below the mid level of the V-Bottom pattern at $ 23891.11 or the recent pivot low . Targets are placed at $ 36585.9 to $ 38493.5 www . surinotes . com