The overall trend from early morning to daytime is still completely consistent with what was described in yesterday's article. However, in the afternoon, it directly broke the support that was expected to break on Monday and started a new round of pullback. The current low has reached 81963.
Since 83000 has already broken down, we should focus on the range of 79000-80000. If it breaks below 79000, it will likely create a new low or retrace to 76500.
But no matter what, we must continue to go long. Even if it breaks below 76500, we still have to go long.
Market Analysis
On the 4-hour level, it is still uncertain whether this is a 4-hour pullback. If it is a 4-hour level, it will at least pull back to around 76500 once more.
Moving to the 1-hour level, this 1-hour pullback is still ongoing. 81963 is definitely not the endpoint of this 1-hour pullback. It is expected to pull back further on Monday, and we should focus on the support around 79000. If it breaks down and pulls back, it will upgrade to the 4-hour level.
Short-term
In the short term, the pullback is about over. For Saturday, a decline of nearly 3000 points has far exceeded expectations, but there is not much space below in the short term. We just need to observe whether it will go down to around 81800. It is expected that tomorrow will see a 15-minute rebound, with the rebound target observed between 83500-84500.
Direction: Long
Buy Point 1: Around 79500
Buy Point 2: Around 77000
Buy Point 3: Around 75000
