Flag or triangle formation
I am not 100% sure but it is very likely that price continue upward trend at least in mid-term. The first expected price to be reached is 9800 and 10k. This is based on Elliot wave, which indicates that we are completing the second wave. Some also calls this a Flag pattern.
9350-9400 could be an acceptable price for putting stop-loss.
A good proof for taking long position in this situation is a confirmed break-out of the triangle.
9350-9400 could be an acceptable price for putting stop-loss.
A good proof for taking long position in this situation is a confirmed break-out of the triangle.
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