- August 31, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
Pattern: Channel Up on 4H.
Signal: Buy as the price rebounded near the 4H MA50 (blue trend-line) and even though there is still room within the Channel for one last low, the 4H Golden Cross that was formed may bring higher prices without it.
Target: 1829 (just below the 1.236 Fibonacci retracement level and the 1832 – 1834 Resistance Zone).