Technical Analysis Basis for Two-Week Line Correction
1, the lower track of the monthly line has reached the bear bottom, and then the initial bull has started to rise, followed by the first weekly correction in 23 years 8 months, reaching 25.
2, after a significant rise in the initial bull market, the weekly correction has ended, and the ten-day line level correction has begun, reaching 24 years 8 months 49.
3, subsequently, the middle of the bull market began a significant attack from 49, until the last weekly correction was made in 25 years 4 months at 745.
4, currently, the weekly level attack has basically ended, the bull market has entered its final phase, which also means that the ten-day line rebound has basically ended, and the next step is the two-week correction. Summary in one sentence: This round of the bull market has broken all historical patterns, and the trend is becoming increasingly standardized. The monthly line is the bear bottom, then successively experiencing the weekly line, the ten-day line, the weekly corrections and rebounds within the ten-day line, which have basically all ended. The next step is the final two-week major rebound, hoping to see if a bull top can emerge; after that, we will officially enter a bear market, continuing towards the monthly and two-month line corrections.
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