There is probably nothing happier than waking up every day to receive a take-profit email. At midnight, I provided the idea of a potential drop to 116500 around the 118200 line. After the market rebounded near 118200, it quickly fell back, successfully reaching the 116500 line by morning. Our trades were executed as planned, yielding over 1300 points in profits, while the smaller trades earned more modestly, with over 60 points in gains, continuing our winning streak. Given the clear rhythm of recent market trends, as long as we don’t get greedy and follow my lead, how could we face a situation where we can’t win?
From the current market perspective, the major asset is testing the lower edge of the triangle convergence area, which I mentioned in my midnight analysis. The daily closing candle is about to turn from bullish to bearish, forming a weak corrective trend with four consecutive bearish candles. Although a sharp decline hasn’t formed yet, it’s only a matter of time. From the four-hour perspective, the market is alternating between bullish and bearish while trending downwards, with full-bodied bearish candles and slightly reluctant bullish candles showing strong selling pressure above, further indicating a weak pattern. Looking at the hourly perspective, although the major asset has recovered from four consecutive small bearish candles, the momentum is too weak; the trading volume is lethargic and can only be considered a technical adjustment, far from reversing the trend. Therefore, our trading idea remains unchanged this morning, continuing to lay out positions at higher levels.
Major asset: 117800~118200 range, targeting 116000.