5.5 Afternoon Pancake Trading Strategy
The road to success is not crowded, because there are not many who can persevere until the end. When you want to give up, please tell yourself to hold on a little longer, because often it is this little bit of persistence that brings you one step closer to your dreams.
The daily top reversal pattern has formed, and cyclical pullbacks have become a trend!
The current market shows characteristics of daily breakdown deepening and multi-period bearish resonance. The technical patterns and volume structure simultaneously strengthen the trend continuation signal: the daily line has two consecutive bearish candles that break through MA5/MA10 forming a death cross, the Bollinger Bands have narrowed and the middle track has been lost and accelerated downwards, KDJ's three lines are diverging downwards and MACD's dual lines have merged and then turned, with green columns appearing. The indicator system and moving average system form a double bearish arrangement; in terms of volume, the price drop is accompanied by a moderate increase in volume (up 15%-25% compared to the previous day). If the short positions in the futures market also increase, the credibility of the breakdown will further rise, but beware of the risk of impulse volume inducing shorts.
Trading Suggestions
Sell at 94500-95000 Target 93500
