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).

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