Chart Patterns & Algorithmic Trader (Jan. 28, '20) (19)
$SPX V-Bottom Pattern
s
Reviewed in CPAT
Dow Jones Industrial Average ($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
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