Pattern: 1M Channel Up. Signal: Bullish as the price hit the 1D MA200 and is near the Higher Low trend line of the pattern. Target: 100.00 (potential Higher High of the Channel).
Pattern: 1D Channel Up. Signal: Bullish once the price makes contact with the 1D MA50. Target: 100.00 (Higher High of the Channel).
Possible rebound after the price has reached the Fibonacci level which is very close as a value with the 20 days Moving Average. If the fast line of Stochastic will cross the slow one, it can be considered as a confirmation of this scenario. All eyes on the Powell`s speech tonight!
Pattern: 1D Rising Wedge. Signal: Bullish as the price reached the Higher Low trend line as well as the 1D MA200. Target 98.330 (the 1D Resistance and pattern top).
Near 97.47 - 97.57 we can open buy - The main trend is up - Price bounced from key zone
Intraday target: $96.50 Long-term target: $100