Chart Patterns & Algorithmic Trader (Aug. 24, '20) (23)
$COMPX V-Bottom Pattern
s
Reviewed in CPAT
Nasdaq Composite Index ($COMPX) has formed a V-Bottom pattern on its
daily chart and trading above the breakout level of $9838.47. 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 8234.90. Targets are
placed at 11820.3 to 12359.0 and 13911.2
www.surinotes.com