Chart Patterns & Algorithmic Trader (Aug. 24, '20) (71)
IWM V-Bottom Pattern
s
Reviewed in CPAT
iShs Russell 2000 ETF (IWM) has formed a V-Bottom pattern on its daily
chart and trading above the breakout level of $170.66. 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 $133.13. Targets are placed
at $216.8 to $229.4 and $265.6 to $291.8.
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