$ETH Evening Thoughts:
The gap at 2623 above the second pie has been filled with this afternoon's upward spike. Now, the only two gaps remaining above the second pie are 2910 and 3230. If these two gaps are filled, there will be no other gaps above. However, I believe the probability of filling these gaps at 2910 and 3230 in the short term is low, unless the Federal Reserve lowers interest rates!
Or unless there is some particularly favorable news; otherwise, how can the second pie hold above 2600, let alone continue upward to fill the gap at 2900?
🍢
Looking at the chart: If we consider the second pie on an hourly level according to wave theory, it currently needs to undergo a 4th wave correction. A 4th wave correction not breaking below the 2nd wave's low of 2432 indicates the end of the 4th wave correction and the beginning of the 5th wave upward.
If the 4th wave correction breaks below the low of the 2nd wave,
then the upward 5th wave will cease to exist.
For the second pie, break above 2558 with volume to chase long, and break below 2539 with volume to chase short; pay attention to changes in volume and manage your stop loss well.
If the second pie can hold above 2586, look upward to 2647-2701. Fellow students, do you expect the second pie to continue upward or to correct and then rise?
On the 4-hour level, if 2490 breaks down, look downward to 2432-2356.
🍢
Continuing to look at the chart: The two spikes pointed to by the yellow arrows on the 4-hour level are quite ugly, indicating a potential double top. If this happens, it won't be fun; to resolve this issue, we need to break above 2624, and the closing price must be above 2624 to solve this problem. In these critical times, trading emphasizes quick in and out; don't overthink. If you overthink, your profits will be gone because you don't know what news will come out in the next second, and the meeting will end.
🍢
Finally, those who like to play with counterfeit goods can pay attention to @达尔文 ; this is a counterfeit leader who specializes in counterfeit goods. If you have no direction in the counterfeit area, you can check out the articles written by @达尔文 .
