Chart Patterns & Algorithmic Trader (Sep. 21, '20) (18)
$SPX V-Bottom Pattern
s
Reviewed in CPAT
S&P 500 Index ($SPX.X, Daily) 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 4136.1 to 4338.0
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