Nurturing and Devouring! Good morning, brothers. The boots dropped yesterday, and the meeting at two in the morning was relatively neutral, having little impact. The big pancake and the platform moved quite independently, not affected by the M stocks, following their own path. The big pancake closed in a nurturing pattern, without completing a penetration, which seems to imply some unwillingness. The platform closed with a bullish engulfing pattern, which is much stronger, but the platform is numb, and the market is small, making it easy to manipulate, like a wall-hanging grass swaying in the wind. The correction cycle makes it difficult to see the pancake.
Yesterday, I executed three main orders, mainly for the rebounding pancakes and two waves of corrections, all doing well. The demonstration also went from 27 days, 8.5k to 160k, and looking back, it is indeed a light boat among the heavy mountains. The teaching chain believes it is still possible to first trade the correction followed by the rebounding pancakes, with 114500 being a significant barrier. If it breaks, further investigation is needed. The platform faces strong resistance around 4350-60, with the big pancake below 112000, and the platform below 4000 is also hard to surpass. Intraday, the teaching chain believes we can still follow the approach of first correcting and then rebounding pancakes.
Trading corrections around 114500, adding more around 115000, looking at 113500, with significant strength looking at 113000.
Short around 4340, adding around 4360, looking at 4250 with significant strength at 4200.
The pullback below lacks strength, must not break 4250, and entering the 113500 rebounding pancake is fine. In the next two days, it must not break. At this moment, brothers, we are standing at a phase bottom.