LPT Market Analysis
Currently, from the candlestick view, the market has already experienced a second pullback, with the deepest drop to 11.9, which also belongs to the advantageous support area of the previous decline. It is now showing signs of halting the decline, with three consecutive large bullish candles, which can be considered a signal of trend reversal.
From the MACD analysis, a bottom divergence phenomenon has appeared on the 4-hour chart, indicating that the market is about to turn. At the same time, the fast and slow lines have formed a secondary golden cross, representing an opportunity to enter the market;
From the RSI analysis: the 4-hour relative strength index has started to rebound from below 20, and has already crossed above the slow line, indicating that the smaller trend has rebounded. From the daily chart perspective, the fast line indicator is still hovering around 20, and the daily trend awaits a clearer reversal signal.
Summary: The 4H indicators indicate that the market has reversed, signaling that the downtrend has completed. It needs to gradually shift from the smaller trend to a larger trend. In the short term, be cautious of risks on the 4H line, as the market is experiencing a second pullback; watch for low points to accumulate. The daily level awaits more definitive signals, the bottom has appeared, and the market outlook is bullish; those with capital can consider bottom fishing.
Positioning: 12-13.5, Take Profit 1: 17.3; Take Profit 2: 20.3.
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