Chart Patterns & Algo. Trader September 21, 2020 | Page 44

Chart Patterns & Algorithmic Trader (Sep. 21, '20) (44) IX V-Bottom Pattern s ORIX Corporation ADS (IX) has formed a V-Bottom pattern on its daily chart and trading above the breakout level of $73.71. 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 $63.61. Targets are placed at $86.0 to $89.3 and $99.0 to $106.0. www.surinotes.com