The price of the big cake will fall by at least 10 points. This will be the last squat before the big rise! My personal opinion is as follows:
1. The weekly level is about to form a golden cross. We can review the trend after the four weekly level golden crosses are formed. October 12, 2020, August 9, 21, August 22, 22, and October 16, 23. There is no doubt that each golden cross has opened a rise of several months. At present, there is only one big positive line away from the formation of the golden cross. The next is the real crazy bull market. If we ignore the major irresistible large black swan, this golden cross will definitely form, which means that the real bull market is not far away. However, I personally think that there will be a squat before the golden cross is formed, washing out those below 60,000, and then quickly recovering. Only when the car is light enough can it be pulled higher. There is no panic at present, and the bullish sentiment is high. It is impossible for the main force to carry the sedan chair for a large group of retail investors.
2. If we pull the Fibonacci from this wave of rise, we will find that point B is just between 0.618-0.382, and point C is also completely above 0.382 of segment AB, and does not exceed the logic of point A, then it is likely to take a bat shape, so I judge that the callback may hit around 55,000, ending this wave of shock callback at 73,000, thus forming a bottom-to-bottom high situation.
Then from 62,000-55,000 is a drop of more than 10 points, and the general cottage will fall by about 30 points. If you still have positions, don't rush to intervene, just put a limit order, this will be the last chance to get on the bus! After getting on the bus, you must sit firmly and hold on to the big bull market. I sincerely hope that the partners who see this post can get on the bus at the lowest point and make a lot of money! ! !
