#ContentStar

A technical chart pattern that follows a letter V form, indicating that the security price has bottomed out, and is now in a bullish trend
V-shaped” reversals in the wake of the release, where the market initially spikes sharply in one direction before reversing in the following 10-120 minutes and heading in the other direction for the remainder of the day.
HOW TO IDENTIFY
A conservative way to trade the V-bottom would be to wait for a break and close above the neckline and to attempt a long position once price pulls back to the neckline and gets rejected.

An ideal target can typically be set above the neckline, equal to the distance measured from the low of the pattern to the neckline high.
EXAMPLE
The chart above shows a picture-perfect V-bottom at the end of a bearish trend