- February 3, 2021
- Posted by: Tradingshot Articles
- Category: Stock Indices
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Pattern: Channel Up into a Bullish Megaphone.
Signal: Buy either after a pull-back within the 0.382-0.618 Fibonacci is completed (because the 4H MACD is close to forming a Bearish Cross) or if the 3870 Resistance breaks first.
Target: 3940 (top of the pattern).
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Tradingview link:
https://www.tradingview.com/chart/SPXUSD/mDrvjlUX-S-P500-Buy-conditions