11.58k Curse... Why is it always just a little short of hitting it...

Today's Observation

No updates on the macro front today... There’s nothing new, just that the rise in the US stock market yesterday brought a bit of momentum.

With the recovery of the US stock market, the trend of net outflows from ETFs here has finally been controlled... But as mentioned before... If we want to change from net outflows to inflows, we need to observe for 3 more days...

Looking back at yesterday... This 11.58k is really a curse for me... Twice missing by over 100 points... Yesterday there were two high points, at 11.52 it came up on a 5-minute candle, which was a bit inexplicable... I observed for a while and didn’t make a move... At the same time, I noticed that contract funds had placed a large number of orders between 11.52~11.62, which were orders from contracts entered a few days ago at 11.40 (the method of placing orders, size, and intervals are the same) so it feels like their plan is to clear all the way up to above 11.60. After not making a move at 11.52, I placed orders at more stable points above, 11.58 and 11.64k. Just waiting for a wave of liquidity to come up... The result... after dragging until midnight, I didn’t get in... This is already the second time missing at 11.58...

So yesterday was another day of being flat...

Now back to today...

Just now, at noon, I made the first aggressive low buy around 11.44... The reason is still as mentioned below, this is the dense trading area from yesterday and the day before + the gap-filling position... Just now already made 500 points profit. There’s a bit of pressure at 11.51 and 11.52 (previous high + breaker block) not sure if it can go up. If it can break through, then there’s a chance to find a position for a pullback below... If it can’t go up, then I won’t make another move if it comes down from 11.44 here...

Looking further down for low buys, I’ll watch around 11.34.

As for high sell, it remains unchanged... between 11.58~11.64... No repetition... Same thinking as the past two days.