Chart Patterns & Algo. Trader August 24, 2020 | Page 19

Chart Patterns & Algorithmic Trader (Aug. 24, '20) (19) $SPX V-Bottom Pattern s Reviewed in CPAT S&P 500 Index ($SPX.X) has formed a V-Bottom pattern on its daily chart and trading above the breakout level of $3393.62. 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 $2792.69. www.surinotes.com