- July 19, 2021
- Posted by: Tradingshot Articles
- Category: Stock Indices
This is a continuation idea to the most recent one:
Pattern: Channel Up on 1D.
Signal: Buy as the price hit the 1D MA50 (blue trend-line) and the RSI has entered its 1 year Buy Zone.
Target: 4450 (the 1.382 Fibonacci extension, which has been the most modest target for a Higher High within the Channel Up).