- March 26, 2021
- Posted by: Tradingshot Articles
- Category: Stock Indices
Pattern: Bullish Megaphone.
Signal: (A) Buy if after the 4H MA50 break-out (blue trend-line), the level holds (as on Feb 02 – 04). If it doesn’t, (B) sell towards the lower (-) Fibonacci extensions (as on March 01 – March 04).
Target: (A) The 0.5 Fib (rough estimate 4040). (B) The -1.5 Fib (rough estimate 3800).
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