Chart Patterns & Algorithmic Trader (Sep. 14, '20) (19)
$SPX V-Bottom Pattern
s
Reviewed in CPAT
S&P 500 Index ($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. Targets are placed at
3850, 4136
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