- October 4, 2021
- Posted by: Tradingshot Articles
- Category: Stock Indices
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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).
Tradingview link:
https://www.tradingview.com/chart/NDX/1tilAXFn-NASDAQ-on-1D-Buy-Signal