After the price comparison went sideways all day yesterday, it did not give much opportunity. Instead, the price comparison ushered in a wave of losses this morning. Although we have been bullish recently, we also looked at the retracement first in the morning. With the idea of going long, we first placed an orange order, and then the fundamental Panzhong signal also caught the signal that the retracement was not over in time. Our short order also chose to hold and wait, and then it lived up to expectations. The short order gained more than 1,800 points, and then we chose to enter the long position directly after experiencing the waterfall. Because the market moved faster, our long order also gained 861 points.
Judging from the structure of the daily line, the middle rail currently serves as the watershed for bulls and the limited support of the daily line. Although the price falls to the middle rail, it does not break below the middle rail and then rebounds, so the retracement is not a sudden change. At the beginning, we can still do short selling around the low level. On the contrary, if the price continues to fall and breaks through the strong support of the middle track, we can take advantage of the trend and turn around and go short.
Judging from the 4-hour level, the trend of the pie yesterday was almost in a horizontal pattern, with the price fluctuating within a certain range, and there was no obvious upward or downward trend. The recent plunge has given us the opportunity to go long. We can enter the market around 42100 as the bottom support. It is better to adopt a long-focused strategy during the day.
Operation suggestions
Big pie: Look around 42100, follow 43000
