COSTCO Strong buy opportunity on a 2-year old fractal

Pattern: Channel Up on 1W.

Signal: Buy as the price broke above its Resistance (and November 2020 High), in a similar sequence as the April-May 2019 fractal. Even the RSI sequences are identical indicating that the price is breaking outside of this consolidation pattern.

Target: Within the 1.5 – 2.0 Fibonacci extension zone (as in 2019).

Tradingview link:

https://www.tradingview.com/chart/COST/JQeyjS3J-COSTCO-Strong-buy-opportunity-on-a-2-year-old-fractal