Chart Patterns & Algorithmic Trader (Aug. 24, '20) (21)
$INDU V-Bottom Pattern
s
Reviewed in CPAT
Dow Jones Industrial Average ($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. Targets are
placed at 36585.9 to 38493.5
www.surinotes.com