A storm is coming! The market will change in the next two weeks!
Listen up, the market is about to hit a turning point in the next two weeks. Since the rise on July 4th, the market has been fluctuating in the 10 to 11 range for over a month, and the time is almost up; we must see a resolution this month. If a big bearish candle forms at the end of the month, this frustrating fluctuation will continue, potentially shifting to another range.
Of course, there's also a chance of breaking out and trending in one direction. I rely purely on technical analysis for contracts, focusing solely on probabilities, with contingency plans for various trends; don't bring news data into this. Last week, the market bounced from 10.03, leaving a long shadow on the weekly chart; this week's close is crucial, determining whether the market first tests the old low around 9.8 - 10.03 before moving up or if it directly pushes above 11 near 10.5. Ten point five is the midpoint of the current fluctuation range.
Since we’ve defined a range, contract operations become straightforward:
If it pushes hard from 10.5 up to 11 or even higher, don’t hesitate, go short immediately; this is the ceiling pressure of the range, so set your stop loss. If it works out, and the price turns down, with next week’s weekly candle showing a long upper shadow (regardless of color), it’s a bearish signal, and it's very likely to return to around 10 before the end of the month, potentially dropping sharply next week. If the stop loss is triggered, and then the price shoots up, with a big bullish candle on the weekly chart making a new high, don’t be stubborn; quickly change your strategy, as a one-sided surge may occur, with the potential to hit 13 or 15, at which point consider going long.
If it crashes directly down from 10.5 to around 9.8 - 10, this indicates reaching the support level at the bottom of the range; you can try going long with a stop loss. If the price rebounds, and the weekly candle closes with a lower shadow and stands firm, there’s still a chance for the market to challenge 11 or even higher again; whether it can break through depends on the strategies previously mentioned.
This is the core idea behind my contract trading; I have my own methods for specific operations. Lastly, a reminder: trading contracts without a stop loss is equivalent to courting disaster; either don't trade, or if you do, make sure to set your stop loss firmly! The above is purely my personal opinion; if you love to criticize, please take a detour, and if you focus on fundamentals, please walk away; I only trust naked K charts!
The market continues to change, and we are closely monitoring it to seize new entry opportunities. Like and comment, let's ride through the bull market and firmly grasp this major opportunity together.
