I've said it many times, from the perspective of the Chanquan theory, market trends cannot be viewed through support and resistance. First look at trading volume, then look at the actual breakout. Stand in the position of market competition to analyze the market around the central point. Under the logic of the market maker, we view it from the perspective of the market maker. Of course, if you have a more stable method of trading with the market maker, you can consider that I didn't say anything. Let me use the following chart to explain the fundamentals. Pay attention to price changes when there is an increase in volume. Trends are generated by changes, not by so-called support and resistance. As follows, 1030--1045 is the most intense range of market sentiment. Both sides of the profit-taking positions leave the market, and new large orders enter the market, which will affect market changes. Support references are 1013/1025/1030. Resistance references are 1048/1053. Watch 1033--1038 to determine the market direction!
Zhenkang emphasizes again, support and resistance are merely anchor points due to the divergence within the entire price range! In the situation of dual market makers and multiple market makers, the structure is continuously breaking through and shifting.
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