Tuesday evening large pancake operation strategy
The road to success is not crowded, because there are not many who can persevere to the end. When you want to give up, please tell yourself to hold on a little longer, because often this little bit of persistence brings you one step closer to your dreams.
From a daily chart perspective, the recent market prices have experienced significant fluctuations, but they are gradually showing signs of stabilization. Yesterday, a long upper shadow was formed on the daily chart, which clearly indicates strong selling pressure above. The bulls encountered stubborn resistance from the bears during their upward push, and some retail investors chose to take profits or stop losses at high levels, leading to a price pullback.
However, the closing price was slightly higher than the opening price, showing a small bullish candle. This indicates that the bulls did not completely collapse under selling pressure and still have certain resistance capabilities, and market sentiment has somewhat eased. The bulls and bears are still in a game of tug-of-war at the daily chart level, and the market has not formed a clear one-sided trend, necessitating close attention to the subsequent changes in the strength of both sides.
In the 4-hour cycle, the market experienced a round of rapid rally, and the bulls attempted to launch a strong upward movement, attracting some following funds to enter the market. However, the price quickly retraced, indicating that the bears exerted strength at a critical moment, effectively suppressing the bulls' upward movement. The current candlestick is in a state of oscillation and consolidation, with short-term bullish and bearish forces relatively balanced, and both sides are waiting for new news or signals to break this balance.
In terms of technical indicators, the 4-hour MACD histogram has turned from red to green, with the fast and slow lines still below the zero axis. The change of the MACD histogram from red to green indicates that the market's rebound strength is limited, and bullish momentum is gradually weakening; the fast and slow lines below the zero axis indicate that the overall trend is weak, and the market is still in a pattern of oscillation and adjustment. However, it is worth noting that the lows are continuously rising, which shows that the bulls are still striving to accumulate strength. If the key support level of the current bottom formation is not broken, there is still a possibility for the market to continue to rise.
Evening operation suggestion
Large pancake 104800-105300 long, target 107500
