Position Long at 9500 ~ 9700 zone
Stop loss at 9200
Reasons:
O RSI at overbought section (19) for daily candle
O RSI at heading to the bottom line of the descending triangle for the weekly candle
O Expect similar fractal pattern (orange pattern) as one to late July and Late August (Repetition going on for current situation)
O Strong support held at 9500 according to the Fibonacci retracement, if it does not hold, set stop loss at 9100
O Temporary sideways pattern in the 9500 ~ 9800 zone
Stop loss at 9200
Reasons:
O RSI at overbought section (19) for daily candle
O RSI at heading to the bottom line of the descending triangle for the weekly candle
O Expect similar fractal pattern (orange pattern) as one to late July and Late August (Repetition going on for current situation)
O Strong support held at 9500 according to the Fibonacci retracement, if it does not hold, set stop loss at 9100
O Temporary sideways pattern in the 9500 ~ 9800 zone