Morning strategy for pullback long positions

Morning market technical analysis on 8.27.

Yesterday morning, a long position was suggested near 109500, and in the evening it rose all the way to around 112200, gaining 2700 points.

From a short-term perspective, the running channel has opened downward, releasing space. The price has found support after a drop, and signs of recovery have emerged. The bearish volume has decreased, and after the moving averages released downward consistently, they have begun to turn upward. Currently, a warming trend has started.

On the four-hour timeframe, the price failed to make a higher move and subsequently fell. It is now testing low support levels, and the running channel is narrowing again. The conversion of long and short volumes is frequent, and the fluctuations are once again decreasing. The short cycle remains unchanged, with a short-term downward fluctuation followed by a recovery. The downward trend is not continuing, and our upcoming strategy is to focus on long positions.

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