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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.
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.
Stop Loss: 8425
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 ...