Chart Patterns & Algorithmic Trader (Jan. 28, '20) (23)
@CL V-Bottom Pattern
s
Reviewed in CPAT
Crude Oil Continuous Contract [Oct20] (@CL) has formed a V-Bottom
pattern on its daily chart and trading above the breakout level of $73.08.
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 $40.25.
Targets are placed at $113.4 to $124.4 and $156.1 to $179.0.
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