- September 22, 2020
- Posted by: Tradingshot Articles
- Category: Stock Indices
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Pattern: Channel Up on 1D.
Signal: Buy as the price reached the 0.618 Fibonacci retracement level from its previous bottom.
Target: 3590 medium-term (Resistance) and for long-term traders 3900 (+21.90% rise from this bottom).
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Tradingview link:
https://www.tradingview.com/chart/SPX500USD/zZHsuF3x-S-P500-Buy-Signal-long-term