Evening Trading Strategy for April 29

In the afternoon, I provided the strategy to buy low, and although the bullish outlook was correct and the first target of 95,000 has been reached, the daytime bulls have been exceptionally stable, and there has been no opportunity to enter a long position. We will continue to maintain the strategy of buying low in the evening. There will definitely be opportunities around the opening of the U.S. stock market, so those who are in cash can patiently wait.

The pullback strength and continuation during the day are not significant, and the market tends to maintain a high-level oscillation and repair in the short-term trend. The expected downside space during the day will not be too large, indicating that after a rapid rise, the market is entering a phase of adjustment and repair. In this adjustment trend following a rapid rise, it is important to pay more attention to the adjustment and repair situation on smaller time frames when trading. Once the repair is complete, the market is still expected to enter a rising state again. For the current market, there is still further upward space in the short term. However, one must always be aware of the risk of sudden adjustments in the short term. As prices gradually begin to move away from short-term moving averages, some fluctuations and adjustments may occur in the market. It is important to note that any adjustments that occur are merely corrections and do not change the overall upward trend. If a short bearish candle appears for temporary correction, it will actually provide better opportunities for further upward movement. Therefore, in future operations, we can still continue to look for bullish trends. From the hourly structure, after the price pulls back to below the upper Bollinger Band, it faces resistance and presents an oscillating upward rhythm. This indicates that the market still has strong upward momentum after the pullback. Therefore, continuing to buy during the pullback and maintaining a bullish outlook is a reasonable choice.

Evening Trading Suggestions

Buy around 94,000 Target 95,000

Breakout at 96,000