I see this ascending triangle, and MACD is about to crossover. I think we can possibly hit 9480 which is 4.236 fib extension level if we break out of this triangle. It also has a pretty good R/R ratio for going long here.
If you are willing to buy it when breakout is confirmed, buy over 8940.
Otherwise you would want to buy before the below 8940.
Target:...
We are seeing strong support everywhere. I think we'll have one more leg to up.
pretty sure It'll perform H&S and correction time.
SHORT scenario
Buy: 8200~8220
Stop Loss: 8425
Target: 7473~7570
We went up pretty much. 6700 to 8100 and even 8450.
but bulls are losing steam here. if you take a look at RSI, It's going down and showing bear divergence.
So, I don' see it going up more than 8450. Correction time.
I do expect a little bounce from 0.382 line, but if we get rejected at 0.236 line or any resistance, I see it going down to 7471~7600 area which is...
