Chart Patterns & Algorithmic Trader (Sep. 21, '20) (41)
EWJ V-Bottom Pattern
s
iShs MSCI Japan ETF (EWJ) has formed a V-Bottom pattern on its daily
chart and trading above the breakout level of $60.85. 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 $51.18. Targets are placed
at $72.6 to $75.8 and $85.1 to $91.8.
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