Chart Patterns & Algorithmic Trader ( Nov . 30 , ' 20 ) ( 18 )
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SPX V-Bottom Pattern s
Reviewed in CPAT
S & P 500 Index ($ SPX . X ) has formed a V-Bottom pattern on its daily chart and trading above the breakout level of $ 3393.62 . 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 $ 2792.69 or the recent pivot low . Targets are placed at $ 3850 , $ 4136.1 to $ 4338.0 www . surinotes . com