Chart Patterns & Algorithmic Trader ( Sept . 28 , ' 20 ) ( 24 )
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CL V-Bottom Pattern s
Reviewed in CPAT
Crude Oil Continuous Contract [ Nov20 ] (@ CL ) has formed a V-Bottom pattern on its daily chart and trading above the breakout level of $ 73.33 . 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 $ 40.50 .
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