Chart Patterns & Algorithmic Trader (Sep. 14, '20) (25)
@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.
www.surinotes.com