- December 1, 2021
- Posted by: Tradingshot Articles
- Category: Stock Indices
Pattern: Channel Up on 1D.
Signal: Buy as the price reached both the 0.618 Fibonacci retracement level as well as the 1D MA200 (orange trend-line). The last parameter to fulfil is the RSI Support, so allow margin for one last low at the bottom of the Channel Up.
Target: 36500 (Resistance and All Time High) and 37000 in extension (Higher High of the Channel Up).