- October 4, 2021
- Posted by: Tradingshot Articles
- Category: Stock Indices
Pattern: Channel Up on 1D.
Signal: Buy as the price is at the bottom of the Channel Up, below the 1D MA100 (green trend-line, which has accurately given a long-term buy signal 3 times since November 2020) and the 1D CCI is on Higher Lows at its bottom.
Target: Short-term 15100 (the 1D MA50), medium-term 15700 (Resistance and All Time High) and long-term 16350 (the 1.5 Fibonacci extension).