Daily level:
The daily level rebound has reached the important point of 786. The price position at 786 is around 102364, currently the highest position is 105820. There is a demand and expectation for a significant level pullback, and if it falls below the lowest price of May 9, which is 102271, the daily top pattern will be confirmed and completed, leading to a downward movement, which corresponds to a segment at the 4-hour level. From a level perspective, the structure from 5 minutes to 30 minutes to 4 hours is already complete, and the divergence at all levels has also been perfect. Therefore, the conditions for a major level pullback have been fulfilled.
4-hour level:
From 74466 to 105820 is a segment at the 4-hour level, while the downward pullback trend formed after the divergence at various levels around 97870 was ended by news. Therefore, 97874-93373 is not a segment but has become a part of the 4-hour pen central level. It was previously mentioned that the pullback at the 4-hour level is at least around 8000 to 10000 points. Currently, the segment at the 4-hour level is complete, and the yellow and white lines at the 4-hour level along with the volume have diverged. The top's top pattern structure has also been confirmed as completed. Therefore, at this price, it can be definitively stated that the top at the 4-hour level has formed, and it is already in the market phase of the 4-hour segment.
The reasonable ideal pullback end position, which is the second buy position, is expected at the 38.2 point of this segment, at the price position of 93842-93000. This is also the central point of the segment at the 4-hour level and the bottom position of the 30-minute nine-segment upgraded central.
The increase from the bottom 74466 to 105820 is a rise of 31354 dollars.
The pullback from the top 105820 to 93842 is a pullback of 11978 dollars.
Pullback demand is established, all-level structures are satisfied, all-level divergences are perfectly aligned, and the top signal at the 4-hour level is clear.
(However, there is also the possibility of a weak pullback forming a second buy near 98420, which is the 23.6 position of this segment. However, I personally believe this is a low-probability market behavior. I prefer the pullback to end at the 382 position, which is 93842, forming the second buy trend.)
Based on the time calculation:
The duration of the segment at the 4-hour level is 1-3 weeks. Starting from today, it is expected to complete the 4-hour level pullback around May 25, and the pullback completion will lead to the second buy at the 4-hour level.
30-minute level:
The 30-minute high point formed at 3:30 PM on May 9 is 104347, compared to the first yellow and white line and volume divergence formed at 5 AM on May 9 at 104271. Since then, all yellow and white lines and volumes have formed 6 times of divergence, totaling seven times.
From a structural perspective, the trend structure of the 30-minute level is complete and the divergence is perfect. Therefore, I believe the structure from the 30-minute level to the 4-hour and then to the daily level has formed a clear top structure. The downward movement that started from the 30-minute level will grow into a 4-hour segment pullback, maintaining the two intervals mentioned at the 4-hour level.
The first interval is around 98500
The second interval is around 93800
Personally, I prefer the vicinity of 93800 as the endpoint for the 4-hour pullback, thereby forming a second buy at the 4-hour level
