5.1 Afternoon Thought Analysis
Happy May Day Holiday! Yesterday, influenced by negative GDP data, the market showed a false breakdown of the trend line on a smaller time frame, quickly rebounding after seizing liquidity below, forming a wave of deceptive market conditions. The upper target still looks towards the liquidity area and resistance level of 962. Currently, a considerable amount of liquidity has accumulated, and if it can be successfully seized this week, it will be more favorable for initiating a corrective trend. The high short strategy remains in place, and please set stop losses and avoid counter-trend trading.
Afternoon Trading Strategy
- Short near 952-957, targeting around 930, and if broken, further down to 918.
- Short near 1820-1840, targeting around 1780. If broken, further down to 1720.
