- May 12, 2021
- Posted by: Tradingshot Articles
- Category: Stock Indices
Pattern: Bullish Megaphone on 4H.
Signal: Buy as the price completed a -3% pull-back. Second buy signal when it completes a -6% pull-back as since December every -3% to -6% correction was followed by a rally. Also the MACD hit its 1st Support.
Target: 4300 (slightly below the 1.5 Fibonacci extension of the Channel).